Journal Article

Airport alliances and mergers e Structural change in the airport industry?

Journal of Air Transport Management, 17(1): 49-56

Recent years have seen a global trend towards the emergence of multi-airport companies operating at a global scale. This paper employs industrial and transaction costs economics to identify the main drivers that shape the patterns of international cross-ownership structures that have emerged in the airport industry. In addition, implications for competition and competition policy are drawn.


Peter Forsyth
Hans-Martin Niemeier
Hartmut Wolf