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Issue 98: June 1994
GA to Get Slaughtered by Airport Selloff
Last month’s Reece bemoaned the fact that breaking up the existing Federal Airports Corporation (FAC) network of 22 airports to just sell off the three big money earners was, to put it bluntly, a pretty dumb idea. Our argument followed the lines of logic and the fact that the Government would indeed do better by instead keeping the FAC intact, forgiving its “invisible” debt, and then privatising what would by any margin be a grade-one investment.
Breaking up the FAC would not only be a bad idea from almost every angle but could also prove the death knell of much of General Aviation (GA) as we presently know it. This is a far-reaching statement, but one that could prove all too real if Aviation Minister Laurie Brereton gets his way and sells off Sydney, Tullamarine, Brisbane, Adelaide, and Coolangatta just to kickstart the “Working Nation” jobs initiative.
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