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106-666: Avalon Airport ( IATA : AVV , ICAO : YMAV ) is a domestic airport , located in Avalon in the City of Greater Geelong in Victoria, Australia . While located outside the Melbourne metropolitan area, it is the second busiest of the four airports serving the state capital in passenger traffic. It is located 15 km (9 mi) north-east of the Geelong CBD and 50 kilometres (31 mi) south-west of

212-435: A "People's Inquiry into Privatisation" (2016/17) found that the impact of privatisation on communities was negative. The report from the inquiry "Taking Back Control" made a range of recommendations to provide accountability and transparency in the process. The report highlighted privatisation in healthcare, aged care, child care, social services, government departments, electricity, prisons and vocational education featuring

318-414: A form of a secured loan and are criticized as a "particularly noxious form of governmental debt". In this interpretation, the upfront payment from the privatization sale corresponds to the principal amount of the loan, while the proceeds from the underlying asset correspond to secured interest payments—the transaction can be considered substantively the same as a secured loan, though it is structured as

424-749: A more cautious and nuanced evaluation of privatization" and that "private ownership alone is no longer argued to automatically generate economic gains in developing economies". According to a 2008 study published in Annals of Public and Cooperative Economics , liberalization and privatization have produced mixed results. Although typically there are many costs associated with these efficiency gains, many economists argue that these can be dealt with by appropriate government support through redistribution and perhaps retraining . Yet, some empirical literature suggests that privatization could also have very modest effects on efficiency and quite regressive distributive impact. In

530-479: A natural and inevitable societal correction emerges to undermine the contradictions of capitalism. This was the case in the 2000 Cochabamba protests . Privatization in Latin America has invariably experienced increasing push-back from the public. Mary Shirley from The Ronald Coase Institute suggests that implementing a less efficient but more politically mindful approach could be more sustainable. In India,

636-550: A new airport is built, replacing the old one, leaving the city's new "major" airport (or the only remaining airport) code to no longer correspond with the city's name. The original airport in Nashville, Tennessee, was built in 1936 as part of the Works Progress Administration and called Berry Field with the designation, BNA. A new facility known as Nashville International Airport was built in 1987 but still uses BNA. This

742-797: A new rail link instead if Melbourne Airport is unable to agree on its station design. IATA airport code The assignment of these codes is governed by IATA Resolution 763, and it is administered by the IATA's headquarters in Montreal , Canada. The codes are published semi-annually in the IATA Airline Coding Directory. IATA provides codes for airport handling entities, and for certain railway stations. Alphabetical lists of airports sorted by IATA code are available. A list of railway station codes , shared in agreements between airlines and rail lines such as Amtrak , SNCF , and Deutsche Bahn ,

848-549: A sale. This interpretation is particularly argued to apply to recent municipal transactions in the United States, particularly for fixed term, such as the 2008 sale of the proceeds from Chicago parking meters for 75 years. It is argued that this is motivated by "politicians' desires to borrow money surreptitiously", due to legal restrictions on and political resistance to alternative sources of revenue, viz, raising taxes or issuing debt. Privatization had different outcomes around

954-606: A series of incidents that led to airline's operations being suspended by the Civil Aviation Safety Authority the following month. In October 2012, the Federal Government announced that the airport's lease would be amended, allowing for the construction of a new terminal and the implementation of international flights. Avalon is the second airport in Victoria to be designated as a port of entry for freight operations. In February 2022, Bonza announced that

1060-595: A single runway in addition to a helipad. The airport is located on land of the original indigenous owners, the Wathaurong people, and a scatter stone area is preserved on the Avalon Airport site, out of respect for the original owners. The land has undergone many changes over the past century. In the beginning, the airport was a sheep and cattle farm and homestead, founded by James Austin, an immigrant from Glastonbury, Somerset, England. James established his farm and named

1166-473: A specialist in ancient history, posits that economic inequality and wealth concentration in the top percentile "had been made possible by the transfer of state assets to private owners." In Latin America, on the one hand, according to John Nellis's research for Center for Global Development , economic indicators, including firm profitability, productivity, and growth, project positive microeconomic results. On

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1272-608: A stock market with high capital. Voucher privatization occurred mainly in the transition economies in Central and Eastern Europe, such as Russia , Poland , the Czech Republic , and Slovakia . Additionally, privatization from below had made important contribution to economic growth in transition economies. In one study assimilating some of the literature on "privatization" that occurred in Russian and Czech Republic transition economies,

1378-704: A survey by the National Commission for Protection of Child Rights (NCPCR) – Utilization of Free Medical Services by Children Belonging to the Economically Weaker Section (EWS) in Private Hospitals in New Delhi, 2011–12: A Rapid Appraisal – indicates under-utilization of the free beds available for EWS category in private hospitals in Delhi, though they were allotted land at subsidized rates. In Australia

1484-412: A transition to "effective private sector owners [of former] state assets". Rather than mainly participating in a market economy, these individuals could prefer elevating their personal status or prefer accumulating political power. Instead, outside foreign investment led to the efficient conduct of former state assets in the private sector and market economy. Through privatization by direct asset sale or

1590-499: Is GSN and its IATA code is SPN, and some coincide with IATA codes of non-U.S. airports. Canada's unusual codes—which bear little to no similarity with any conventional abbreviation to the city's name—such as YUL in Montréal , and YYZ in Toronto , originated from the two-letter codes used to identify weather reporting stations in the 1930s. The letters preceding the two-letter code follow

1696-544: Is available. However, many railway administrations have their own list of codes for their stations, such as the list of Amtrak station codes . Airport codes arose out of the convenience that the practice brought pilots for location identification in the 1930s. Initially, pilots in the United States used the two-letter code from the National Weather Service (NWS) for identifying cities. This system became unmanageable for cities and towns without an NWS identifier, and

1802-518: Is different from the name in English, yet the airport code represents only the English name. Examples include: Due to scarcity of codes, some airports are given codes with letters not found in their names: The use of 'X' as a filler letter is a practice to create three-letter identifiers when more straightforward options were unavailable: Some airports in the United States retained their NWS ( National Weather Service ) codes and simply appended an X at

1908-513: Is in conjunction to rules aimed to avoid confusion that seem to apply in the United States, which state that "the first and second letters or second and third letters of an identifier may not be duplicated with less than 200 nautical miles separation." Thus, Washington, D.C. area's three airports all have radically different codes: IAD for Washington–Dulles , DCA for Washington–Reagan (District of Columbia Airport), and BWI for Baltimore (Baltimore–Washington International, formerly BAL). Since HOU

2014-448: Is influenced by the capital market and the political and firm-specific factors. Privatization through the stock market is more likely to be the method used when there is an established capital market capable of absorbing the shares. A market with high liquidity can facilitate the privatization. If the capital markets are insufficiently developed, however, it would be difficult to find enough buyers. The shares may have to be underpriced, and

2120-577: Is more prevalent in non-privatized sectors. Furthermore, according to the World Bank extralegal and unofficial activities are more prevalent in countries that privatized less. Other research suggests that privatization in Russia resulted in a dramatic rise in the level of economic inequality and a collapse in GDP and industrial output. Russian President Boris Yeltsin 's IMF -backed rapid privatization schemes saw half

2226-532: Is not followed outside the United States: In addition, since three letter codes starting with Q are widely used in radio communication, cities whose name begins with "Q" also had to find alternate codes, as in the case of: IATA codes should not be confused with the FAA identifiers of U.S. airports. Most FAA identifiers agree with the corresponding IATA codes, but some do not, such as Saipan , whose FAA identifier

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2332-470: Is owned by Aviation Development Australia Limited. The event attracts a total attendance of over 195,000 across the six days, including exhibitors from the international aerospace industry and government, military, scientific and trade delegates. Avalon Airport is linked to Geelong and Melbourne by the adjacent Princes Freeway . The airport has 1,500 airport car spaces, a taxi rank and a ride-share pick-up/drop-off bay. In 2017, Skybus launched services from

2438-416: Is used for William P. Hobby Airport , the new Houston–Intercontinental became IAH. The code BKK was originally assigned to Bangkok–Don Mueang and was later transferred to Suvarnabhumi Airport , while the former adopted DMK. The code ISK was originally assigned to Gandhinagar Airport (Nashik's old airport) and later on transferred to Ozar Airport (Nashik's current airport). Shanghai–Hongqiao retained

2544-524: The 2011 revolution , most of the public began to call for re-nationalization, citing allegations of the privatized firms practicing crony capitalism under the old regime. There are various reasons why a government may decide to privatize; commonly due to economic reasons. The economic factors that influence a government's decision to privatize assume this will lower government debt. Studies have shown that governments are more likely to privatise with higher public debt, typically because governments do not have

2650-640: The Australian Grand Prix , Supercars and Superbikes , plus some specialist charters including livestock race horses, fresh produce, military hardware, touring rock bands. The airport can facilitate loads on all aircraft types from the Airbus 380 series down, with equipment available to load via the main deck, lower deck, nose or tail end of the Aircraft, with a maximum lift of 16 tonnes. It has three dedicated freighter parking positions: Two on its Eastern and one on

2756-584: The Australian International Airshow . On 1 June 2004, Jetstar started commercial flights from the airport, in addition to their operations at Melbourne Airport . In April 2010, Tigerair Australia announced it would base two aircraft and commence operations from Avalon later that year. By June 2011 however, Tigerair Australia announced it would be withdrawing several flights from Avalon, to be operated instead from Melbourne Airport. The remaining Tigerair Australia services were withdrawn after

2862-561: The Canadian transcontinental railroads were built, each station was assigned its own two-letter Morse code : When the Canadian government established airports, it used the existing railway codes for them as well. If the airport had a weather station, authorities added a "Y" to the front of the code, meaning "Yes" to indicate it had a weather station or some other letter to indicate it did not. When international codes were created in cooperation with

2968-524: The Conservative government of Margaret Thatcher when many state-run firms were sold off to the private sector. The privatization received very mixed views from the public and the parliament. Even former Conservative prime minister Harold Macmillan was critical of the policy, likening it to "selling the family silver". There were around 3 million shareholders in Britain when Thatcher took office in 1979 , but

3074-567: The European Commission argues that privatisation in Europe had mixed effects on service quality and has achieved only minor productivity gains, driven mainly by lower labour input combined with other cost cutting strategies that led to a deterioration of employment and working conditions. Meanwhile, a different study by the commission found that the UK rail network (which was privatized from 1994 to 1997)

3180-619: The Government Aircraft Factories at Fishermans Bend , Melbourne had used a runway beside the factory. However, newer jet aircraft required a longer runway for safe operations, and the Fisherman's Bend runway was being encroached upon by development. A 3,048 m (10,000 ft) runway was built by Country Roads Board , with the first plane landing on 3 April 1953 – a four-engined Avro Lincoln heavy bomber flown from Fishermans Bend. The English Electric Canberra light bomber

3286-562: The Melbourne CBD . The airport is operated by Avalon Airport Australia Pty Ltd, a subsidiary of Linfox . Avalon is currently served by passenger airline Jetstar , which began domestic flights in 2004. The airport is also the site of the biennial Australian International Airshow , which has been held at the venue since 1992. Unlike Melbourne Airport , Avalon Airport is not governed by the Commonwealth's Airports Act 1996 . The airport has

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3392-604: The Revolutions of 1989 introduced non-communist governments. Freedom House's privatization index, 1998 and 2002 Freedom House 's privatization index rated transition countries from 1 (maximum progress) to 7 (no progress). The table below shows the privatization index for various Eastern European countries in 1998 and 2002: The largest public shares offering in France involved France Télécom . Egypt undertook widespread privatization under Hosni Mubarak . Following his overthrow in

3498-401: The demutualization of a mutual organization , cooperative , or public-private partnership in order to form a joint-stock company . Separately, privatization can refer to the purchase of all outstanding shares of a publicly traded company by private equity investors, which is more often called "going private" . Before and after this process the company is privately owned, but after

3604-667: The private sector , and the women in the public sector are more likely to be unionized than those in the private sector. In Chile, women are disproportionately affected by the privatization of the pension system because factors such as "women's longer life expectancy, earlier retirement age, and lower rates of labor-force participation, lower salaries" affect their ability to accumulate funds for retirement which leads to lower pensions. Low-income women face an even greater burden; Anjela Taneja, of Oxfam India says "The privatization of public services...implies limited or no access to essential services for women living in poverty, who are often

3710-545: The ASTA Aircraft Services division took the first Boeing 747 to Avalon for servicing and maintenance . By December 1993, fifty 747 aircraft had been through the Avalon facility, and 820 people were employed at the site. October 1995 saw a Cathay Pacific Lockheed L-1011 flown to Avalon for scrapping by ASTA Aircraft Services, in what was a one-off event. Training of pilots from Japan's All Nippon Airways commenced at

3816-547: The Eastern Apron. The Eastern Apron is also a remote parking bay which doubles as a freight bay. The airport is capable of fitting one Airbus A380 at a time on the Eastern Apron; this means it can also accommodate the freighter version of the Boeing 747-8 , which is slightly smaller. Currently the airport terminal is not equipped with aerobridges , and does not feature any guest lounges. The most notable freight operations include

3922-784: The Government Aircraft Factories changed its name to Aerospace Technologies of Australia (ASTA). Aircraft produced during this time included the GAF Jindivik remotely piloted aircraft , and Nomad civil aircraft. Under the ASTA banner, engines for the Dassault Mirage III jet fighters were produced, as well as assembly of the F/A-18 multirole combat aircraft for the Royal Australian Air Force (RAAF). In October 1988,

4028-543: The Melbourne CBD and Geelong to Avalon Airport. From June 2014 to December 2018, the "Sunbus" service was provided by Sita Buslines . It connected Avalon with Melbourne, Werribee and Geelong. In May 2011, the Victorian Minister for Public Transport committed $ 3 million for the planning of a rail link to Avalon Airport. In January 2013, three route options were presented. The railway line would start by running along

4134-676: The Nazi Party." Great Britain privatized its steel industry in the 1950s, and the West German government embarked on large-scale privatization, including sale of the majority stake in Volkswagen to small investors in public share offerings in 1961. However, it was in the 1980s under Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States that privatization gained worldwide momentum. Notable privatization attempts in

4240-805: The Northern Freighter Aprons. Avalon Airport has six hangars in total: 55,000 square metres (590,000 sq ft) of hangar space, including three Boeing 747 hangars. Three of these are customised B747 hangars that were used by Qantas. The Qantas Engineering maintenance facility commenced operations on 13 May 1998. It was also responsible for the Qantas Group's aircraft commercial project work, including cabin reconfigurations and refurbishment. The following airlines operate scheduled flights at Avalon Airport: Since 2020, international passenger flights no longer operate out of Avalon Airport. The video clip of Human Nature 's 2000 song He Don't Love You

4346-595: The Russian population fall into destitution in just several years as unemployment climbed to double digits by the early to mid 1990s. A 2009 study published in The Lancet medical journal has found that as many as a million working men died as a result of economic shocks associated with mass privatization in the former Soviet Union and in Eastern Europe during the 1990s, although a further study suggested that there were errors in their method and "correlations reported in

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4452-672: The Taoist clergy that a strong ruler was virtually invisible. During the Renaissance , most of Europe was still by and large following the feudal economic model. By contrast, the Ming dynasty in China began once more to practice privatization, especially with regards to their manufacturing industries. This was a reversal of the earlier Song dynasty policies, which had themselves overturned earlier policies in favor of more rigorous state control. In Britain,

4558-627: The U.S. For example, several airports in Alaska have scheduled commercial service, such as Stebbins and Nanwalek , which use FAA codes instead of ICAO codes. Thus, neither system completely includes all airports with scheduled service. Some airports are identified in colloquial speech by their IATA code. Examples include LAX and JFK . Privatization Privatization (rendered privatisation in British English ) can mean several different things, most commonly referring to moving something from

4664-406: The UK included privatization of Britoil (1982), the radioactive-chemicals company Amersham International (1982), British Telecom (1984), Sealink ferries (1984), British Petroleum (gradually privatized between 1979 and 1987), British Aerospace (1985 to 1987), British Gas (1986), Rolls-Royce (1987), Rover Group (formerly British Leyland , 1988), British Steel Corporation (1988), and

4770-481: The United States, because "Y" was seldom used in the United States, Canada simply used the weather station codes for its airports, changing the "Y" to a "Z" if it conflicted with an airport code already in use. The result is that most major Canadian airport codes start with "Y" followed by two letters in the city's name (for example, YOW for O tta w a , YWG for W innipe g , YYC for C algar y , or YVR for V ancouve r ), whereas other Canadian airports append

4876-440: The airport itself instead of the city it serves, while another code is reserved which refers to the city itself which can be used to search for flights to any of its airports. For instance: Or using a code for the city in one of the major airports and then assigning another code to another airport: When different cities with the same name each have an airport, they need to be assigned different codes. Examples include: Sometimes,

4982-652: The airport on 8 September 1993. On 27 June 1995 Aerospace Technologies of Australia was privatised by the Commonwealth Government, selling the aircraft divisions to Rockwell Australia Limited , and the airport operations to Avalon Airport Geelong Pty Ltd. The ASTA airliner overhauling facility was closed in 1997. The first scheduled passenger flights out of the airport were operated by Hazelton Airlines , who commenced flights between Avalon Airport and Sydney in February 1995. 36-seat Saab 340 aircraft were used for

5088-466: The airport would become one of its 17 destinations with the airline planning to fly to the Sunshine Coast from Avalon. Bonza started commercial flights from the airport on 21 February 2023, in addition to their operations at Melbourne Airport. Bonza suspended all flights in early 2024. It was announced on 4 February 2018 that AirAsia X would move their Melbourne Airport operations to Avalon Airport by

5194-418: The airport's former name, such as Orlando International Airport 's MCO (for Mc C o y Air Force Base), or Chicago's O'Hare International Airport , which is coded ORD for its original name: Or char d Field. In rare cases, the code comes from the airport's unofficial name, such as Kahului Airport 's OGG (for local aviation pioneer Jimmy H ogg ). In large metropolitan areas, airport codes are often named after

5300-600: The assumption that foreign investment would play a major role. In post- reunification East Germany, by the end of June 1992, the Treuhandanstalt had privatized 8,175 companies, with 5,950 left on hand (4,340 remaining to be sold and the remainder to be liquidated). June 1992 was also when the last East German on the board of the Treuhand left. By the end of 1994, Treuhand had sold almost everything, having only 65 firms left to privatize as of December 1994. More than 80% of

5406-445: The authors identified three methods of privatization: "privatization by sale", "mass privatization", and "mixed privatization". Their calculations showed that "mass privatization" was the most effective method. However, in economies "characterized by shortages" and maintained by the state bureaucracy, wealth was accumulated and concentrated by "gray/black market" operators. Privatizing industries by sale to these individuals did not mean

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5512-530: The buyout its shares are withdrawn from being traded at a public stock exchange . The term privatizing first appeared in English, with quotation marks, in the New York Times , in April 1923, in a translation of a German speech referring to the potential for German state railroads to be bought by American companies. In German, the word Privatisierung has been used since at least the 19th century. Ultimately,

5618-491: The code SHA, while the newer Shanghai–Pudong adopted PVG. The opposite was true for Berlin : the airport Berlin–Tegel used the code TXL, while its smaller counterpart Berlin–Schönefeld used SXF; the Berlin Brandenburg Airport has the airport code BER, which is also part of its branding. The airports of Hamburg (HAM) and Hannover (HAJ) are less than 100 nautical miles (190 km) apart and therefore share

5724-781: The context of the privatization of services or government functions, where private entities are tasked with the implementation of government programs or the performance of government services. Gillian E. Metzger has written that: "Private entities [in the US] provide a vast array of social services for the government; administer core aspects of government programs; and perform tasks that appear quintessentially governmental, such as promulgating standards or regulating third-party activities." Metzger mentions an expansion of privatization that includes health and welfare programs, public education, and prisons. The history of privatization dates from Ancient Greece , when governments contracted out almost everything to

5830-503: The cost of bureaucracy was one of the reasons for the fall of the Roman Empire . Perhaps one of the first ideological movements towards privatization came during China 's golden age of the Han dynasty . Taoism came into prominence for the first time at a state level, and it advocated the laissez-faire principle of Wu wei (無為), literally meaning "do nothing". The rulers were counseled by

5936-696: The countries suggest that a large segment of the public is dissatisfied with or have negative views of privatization in the region. In the 1990s, the governments in Eastern and Central Europe engaged in extensive privatization of state-owned enterprises in Eastern and Central Europe and Russia, with assistance from the World Bank , the U.S. Agency for International Development, the German Treuhand , and other governmental and non-governmental organization . Nippon Telegraph and Telephone 's privatization in 1987 involved

6042-603: The end of the year. AirAsia X Airbus A330s would service the twice daily direct flights to Kuala Lumpur. Announcing it on 10 July 2018 the airline commenced its operations from Avalon Airport on 5 December 2018. A media release on 22 October 2019 from the Victorian Premier 's Office stated that VietJet Air was expected to begin flights from Avalon to Vietnam in the second half of 2020. However, when VietJet commenced their flights to Melbourne in April 2023, they operated out of Melbourne Airport instead. On 11 December 2019, it

6148-919: The end. Examples include: A lot of minor airfields without scheduled passenger traffic have ICAO codes but not IATA codes, since the four letter codes allow more number of codes, and IATA codes are mainly used for passenger services such as tickets, and ICAO codes by pilots. In the US, such airfields use FAA codes instead of ICAO. There are airports with scheduled service for which there are ICAO codes but not IATA codes, such as Nkhotakota Airport/Tangole Airport in Malawi or Chōfu Airport in Tokyo, Japan. There are also several minor airports in Russia (e.g., Omsukchan Airport ) which lack IATA codes and instead use internal Russian codes for booking. Flights to these airports cannot be booked through

6254-452: The existing Port Fairy railway line , and then divert towards Avalon Airport, south of Little River, at one of three locations. The eastern option would see the line break away closer to Melbourne, near Cherry Swamp Road and Little River. The central option would place the diversion 2.5 kilometres southwest, near Peak School Road at Lara. The western route option would divert from the existing line closer to Geelong, at Plains Road, Lara. Each of

6360-499: The existing Geelong line, with a new road for shuttle buses to connect it directly with the airport. The plan was costed at $ 140 million with Avalon Airport CEO Tony Brun proposing to split the cost three ways between the airport, the state and federal governments. In May 2024, due to delays with the construction of the Melbourne Airport rail link , State Treasurer Tim Pallas suggested that Avalon Airport could receive funding for

6466-758: The first attempt at a social welfare analysis of the British privatization program under the Conservative governments of Margaret Thatcher and John Major during the 1980s and 1990s, Massimo Florio points to the absence of any productivity shock resulting strictly from ownership change. Instead, the impact on the previously nationalized companies of the UK productivity leap under the Conservatives varied in different industries. In some cases, it occurred prior to privatization, and in other cases, it occurred upon privatization or several years afterward. A 2012 study published by

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6572-557: The first three letters of the city in which it is located, for instance: The code may also be a combination of the letters in its name, such as: Sometimes the airport code reflects pronunciation, rather than spelling, namely: For many reasons, some airport codes do not fit the normal scheme described above. Some airports, for example, cross several municipalities or regions, and therefore, use codes derived from some of their letters, resulting in: Other airports—particularly those serving cities with multiple airports—have codes derived from

6678-414: The first time since 2018. The Avalon Airport Master Plan was prepared by Avalon Airport Pty Ltd in September 2015 and was endorsed by the Department of Defence. The document provides for a significant expansion of the airport's operations, as well as the establishment of non-aviation related developments. Since the introduction of Jetstar in 2004, the Avalon Airport terminal facilities have expanded from

6784-425: The following format: Most large airports in Canada have codes that begin with the letter "Y", although not all "Y" codes are Canadian (for example, YUM for Yuma, Arizona , and YNT for Yantai , China), and not all Canadian airports start with the letter "Y" (for example, ZBF for Bathurst, New Brunswick ). Many Canadian airports have a code that starts with W, X or Z, but none of these are major airports. When

6890-545: The form of " YYZ ", a song by the rock band Rush , which utilizes the Morse code signal as a musical motif. Some airports have started using their IATA codes as brand names , such as Calgary International Airport (YYC) and Vancouver International Airport (YVR). Numerous New Zealand airports use codes that contain the letter Z, to distinguish them from similar airport names in other countries. Examples include HLZ for Hamilton , ZQN for Queenstown , and WSZ for Westport . Predominantly, airport codes are named after

6996-426: The homestead "Avalon" after the isle of Avalon at Glastonbury, the mythical island in the Arthurian legend . In 1952 the Commonwealth Government bought 1,754 hectares (4,333 acres) at Avalon for just 110 pounds, as the land was deemed to be of poor quality farmland due to the abundance of volcanic rock littering the surface. The airport was opened in 1953, to cater for the production of military aircraft. Previously,

7102-430: The international air booking systems or have international luggage transferred there, and thus, they are booked instead through the airline or a domestic booking system. Several heliports in Greenland have 3-letter codes used internally which might be IATA codes for airports in faraway countries. There are several airports with scheduled service that have not been assigned ICAO codes that do have IATA codes, especially in

7208-430: The largest share offering in financial history at the time. 15 of the world's 20 largest public share offerings have been privatizations of telecoms. In 1988, the perestroika policy of Mikhail Gorbachev started allowing privatization of the centrally planned economy. Large privatization of the Soviet economy occurred over the next few years as the country dissolved . Other Eastern Bloc countries followed suit after

7314-400: The middle of the 1930s. The firms belonged to a wide range of sectors: steel, mining, banking, local public utilities, shipyard, ship-lines, railways, etc. In addition to this, delivery of some public services produced by public administrations prior to the 1930s, especially social services and services related to work, was transferred to the private sector, mainly to several organizations within

7420-419: The more competitive the industry, the greater the improvement in output, profitability, and efficiency. Such efficiency gains mean a one-off increase in GDP , but through improved incentives to innovate and reduce costs also tend to raise the rate of economic growth . More recent research and literature review performed by Professor Saul Estrin and Adeline Pelletier concluded that "the literature now reflects

7526-612: The name of the airport itself, for instance: This is also true with some cities with a single airport (even if there is more than one airport in the metropolitan area of said city), such as BDL for Hartford, Connecticut 's B ra dl ey International Airport or Baltimore's BWI, for B altimore/ W ashington I nternational Airport ; however, the latter also serves Washington, D.C. , alongside Dulles International Airport (IAD, for I nternational A irport D ulles) and Ronald Reagan Washington National Airport (DCA, for D istrict of C olumbia A irport). The code also sometimes comes from

7632-408: The needed time to wait for a return. Another economic factor that influences this area is the resulting efficiency of SOEs once privatised. Commonly, governments aren’t able to provide the required investments required to ensure profitability for various reasons. These factors may lead to a government deciding to privatize. There are several main methods of privatization: The choice of sale method

7738-416: The one they are located in: Other airport codes are of obscure origin, and each has its own peculiarities: In Asia, codes that do not correspond with their city's names include Niigata 's KIJ , Nanchang 's KHN and Pyongyang 's FNJ . EuroAirport Basel Mulhouse Freiburg , which serves three countries, has three airport codes: BSL, MLH, EAP. Some cities have a name in their respective language which

7844-446: The ones more in need of these services." The increase in privatization since the 1980s has been a factor in rising income and wealth inequality in the United States. Due to low levels of native capital accumulation in the former Central and Eastern Europe, the rapid privatization preferred by international institutions ( EBRD , IMF , World Bank ) and other foreign banks was a de facto call for international bidding, reflecting

7950-678: The original article are simply not robust." A subsequent body of scholarship, while still controversial, demonstrates that rapid privatization schemes associated with neoliberal economic reforms did result in poorer health outcomes in former Eastern Bloc countries during the transition to markets economies, with the World Health Organization contributing to the debate by stating "IMF economic reform programs are associated with significantly worsened tuberculosis incidence, prevalence, and mortality rates in post-communist Eastern European and former Soviet countries." Historian Walter Scheidel ,

8056-486: The original size of 732 square metres (7,880 sq ft) to nearly 5,600 m (60,000 sq ft). Over $ 100 million has been invested in the airport thus far to complete the following: The current terminal facility is approximately 4,500 square metres (48,000 sq ft) in area and houses four gates capable of servicing aircraft up to and including the size of the Airbus A321 . In its present configuration,

8162-430: The other hand, however, privatisation has been largely met with a negative criticism and citizen coalitions. This neoliberal criticism highlights the ongoing conflict between varying visions of economic development. Karl Polanyi emphasizes the societal concerns of self-regulating markets through a concept known as a "double movement". In essence, whenever societies move towards increasingly unrestrained, free-market rule,

8268-593: The private sector. In the Roman Republic private individuals and companies performed the majority of services including tax collection ( tax farming ), army supplies ( military contractors ), religious sacrifices and construction. However, the Roman Empire also created state-owned enterprises —for example, much of the grain was eventually produced on estates owned by the Emperor. David Parker and David S. Saal suggest that

8374-459: The private sector. In the 1990s, privatization revenue from 18 Latin American countries totaled 6% of gross domestic product. Private investment in infrastructure from 1990 and 2001 reached $ 360.5 billion, $ 150 billion more than in the next emerging economy. While economists generally give favorable evaluations of the impact of privatization in Latin America, opinion polls and public protests across

8480-840: The privatization of common lands is referred to as enclosure (in Scotland as the Lowland Clearances and the Highland Clearances ). Significant privatizations of this nature occurred from 1760 to 1820, preceding the Industrial Revolution in that country. The first mass privatization of state property occurred in Nazi Germany between 1933 and 1937: "It is a fact that the government of the National Socialist Party sold off public ownership in several state-owned firms in

8586-575: The privatized businesses were bought by foreigners (chiefly West Germans – 75%). Romania's first privatization took place on 3 August 1992. There was "very little" privatization during 1992: only 22 state-owned enterprises were privatized. The pace picked up throughout the following year, with more than 260 companies privatized. Four of the 22 enterprises privatized in 1992 were sold to foreign investors. In 1993, 265 companies were privatized, followed by 604 in 1994. Two companies were sold to foreign investors during this period, one each in 1993 and 1994. At

8692-448: The public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been

8798-465: The purview of state-run agencies. Some examples include revenue collection, law enforcement , water supply , and prison management . Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization . This type of privatization can include

8904-428: The regional water authorities (mostly in 1989). After 1979, council house tenants in the UK were given the right to buy their homes (at a heavily discounted rate). One million purchased their residences by 1986. Such efforts culminated in 1993 when British Rail was privatized under Thatcher's successor, John Major . British Rail had been formed by prior nationalization of private rail companies. The privatization

9010-425: The sale of the state-owned companies. Those with political connections unfairly gained large wealth, which has discredited privatization in these regions. While media have widely reported the grand corruption that accompanied those sales, according to research released by the World Bank there has been increased operating efficiency, daily petty corruption is, or would be, larger without privatization, and that corruption

9116-500: The sales may not raise as much capital as would be justified by the fair value of the company being privatized. Many governments, therefore, elect for listings in more sophisticated markets, for example, Euronext , and the London , New York and Hong Kong stock exchanges. Governments in developing countries and transition countries more often resort to direct asset sales to a few investors, partly because those countries do not yet have

9222-501: The same first and middle letters, indicating that this rule might be followed only in Germany. Many cities retain historical names in their airport codes, even after having undergone an official name/spelling/transliteration change: Some airport codes are based on previous names associated with a present airport, often with a military heritage. These include: Some airports are named for an administrative division or nearby city, rather than

9328-542: The service. The service was discontinued after a short time due to a lack of passengers. In 1997, the federal Government of Australia , through the Department of Defence , granted Linfox a 50-year plus a 49-year option lease of the airport. Between 1997 and 2001 Linfox developed proposals to develop the land which formed the basis of the Avalon Airport Master Plan draft, 2013. In 1992, the airport began hosting

9434-529: The state government indicated that it may alter its election promise to build the $ 250 million train line to Avalon Airport, and instead create a cheaper light rail link from Melbourne's south-west. Department documents show the government is now considering other options to meet interim demand, such as light rail, buses, or "driverless transport options which are used at many airports around the world". In September 2023, Avalon Airport called for an alternate plan which would see an infill airport station built along

9540-497: The station code of Malton, Mississauga , where it is located). YUL is used for Montréal–Trudeau (UL was the ID code for the beacon in the city of Kirkland , now the location of Montréal–Trudeau). While these codes make it difficult for the public to associate them with a particular Canadian city, some codes have become popular in usage despite their cryptic nature, particularly at the largest airports. Toronto's code has entered pop culture in

9646-411: The stock market, bidders compete to offer higher prices, generating more revenue for the state. Voucher privatization, on the other hand, could represent a genuine transfer of assets to the general population, creating a sense of participation and inclusion. A market could be created if the government permits transfer of vouchers among voucher holders. Some privatization transactions can be interpreted as

9752-434: The subsequent sale of state-run firms saw the number of shareholders double by 1985. By the time of her resignation in 1990, there were more than 10 million shareholders in Britain. Privatization in Latin America was extensive in the 1980s and 1990s, as a result of a Western liberal economic policy. Companies providing public services such as water management , transportation, and telecommunications were rapidly sold off to

9858-456: The terminal can accommodate around six domestic departures per hour. The airport has a total of eight aircraft parking bays; there are six on the Northern Apron and two on the Eastern Apron. On the Northern Apron, the airport can accommodate five Code C Aircraft ( Boeing 737 or Airbus A320 aircraft) and one Boeing 747 . Avalon Airport can accommodate two Boeing 747s or two Boeing 787s on

9964-530: The three routes would run over the Princes Freeway , north east of the Beach Road interchange at Little River, running under the flight path to a new station inside the terminal. The government would need to acquire private farmland to complete the link and is considering a number different options, including a light rail service, automated driverless trains used at several international airports. In August 2013,

10070-553: The two-letter code of the radio beacons that were the closest to the actual airport, such as YQX in Gander or YXS in Prince George . Four of the ten provincial capital airports in Canada have ended up with codes beginning with YY, including: Canada's largest airport is YYZ for Toronto Pearson (as YTZ was already allocated to Billy Bishop Toronto City Airport , the airport was given

10176-529: The use of two letters allowed only a few hundred combinations; a three-letter system of airport codes was implemented. This system allowed for 17,576 permutations, assuming all letters can be used in conjunction with each other. Since the U.S. Navy reserved "N" codes, and to prevent confusion with Federal Communications Commission broadcast call signs , which begin with "W" or "K", the airports of certain U.S. cities whose name begins with one of these letters had to adopt "irregular" airport codes: This practice

10282-402: The voices of workers, community members and academics. Some reports show that the results of privatization are experienced differently between men and women for numerous reasons: when public services are privatized women are expected to take on the health and social care of dependents , women have less access to privatized goods, public sector employs a larger proportion of women than does

10388-520: The word came to German through French from the Latin privatus . The term reprivatization , again translated directly from German ( Reprivatisierung ), was used frequently in the mid-1930s as The Economist reported on Nazi Germany's sale of nationalized banks back to public shareholders following the 1931 economic crisis. The word became common in the late 1970s and early 1980s as part of UK prime minister Margaret Thatcher's economic policies . She

10494-551: The world. Results of privatization may vary depending on the privatization model employed. According to Irwin Stelzer , "it is somewhere between difficult and impossible to separate the effects of privatisation from the effects of such things as trends in the economy". According to research performed by the World Bank and William L. Megginson in the early 2000s, privatization in competitive industries with well-informed consumers, consistently improved efficiency. According to APEC ,

10600-481: Was always private, but heavily regulated, which becomes less regulated through a process of deregulation . The term may also be used descriptively for something that has always been private, but could be public in other jurisdictions. There are also private entities that may perform public functions. These entities could also be described as privatized. Privatization may mean the government sells state-owned businesses to private interests, but it may also be discussed in

10706-454: Was announced on Citilink's Instagram social media account that flights to Denpasar (Bali), Indonesia would be added to Avalon Airport's list of international flights. On 10 January 2020, it was stated that the daily flight would commence on 24 January 2020. On 18 July 2022, Air Asia announced they would be restarting flights to Australia and New Zealand but will be ending their Avalon operations and begin operating out of Melbourne Airport for

10812-410: Was controversial, and its impact is still debated today , as doubling of passenger numbers and investment was balanced by an increase in rail subsidy . This has been reverted by the same party in Britain in the early 2020s with the state-owned Great British Railways . The United Kingdom's largest public share offerings were privatizations of British Telecom and British Gas during the 1980s under

10918-497: Was drawing on the work of the pro-privatization Member of Parliament David Howell , who was himself drawing on the Austrian-American management expert Peter Drucker 's 1969 book, The Age of Discontinuity . The word privatization may mean different things depending on the context in which it is used. It can mean moving something from the public sphere into the private sphere, but it may also be used to describe something that

11024-413: Was filmed at the airport. In July 2013, it was proposed by Geelong City Council that a theme park be built at Avalon, and they have held discussions with Village Roadshow and other companies concerning the proposal. African Safari World was a previous proposal at nearby Werribee Zoo that did not get approved. The biennial Australian International Airshow operates from Avalon Airport. The project

11130-609: Was most improved out of all the 27 EU nations from 1997 to 2012. The report examined a range of 14 different factors and the UK came top in four of the factors, second and third in another two and fourth in three, coming top overall. Nonetheless, the impact of the privatisation of British Rail has been the subject of much debate, with the stated benefits including improved customer service, and more investment; and stated drawbacks including higher fares, lower punctuality and increased rail subsidies. Privatizations in Russia and Latin America were accompanied by large-scale corruption during

11236-540: Was under construction at same time at the new airport. In 1959, Qantas established a training base at the site. In 1961, Government Aircraft Factories combined with the Commonwealth Aircraft Corporation, and built and serviced 110 Mirage fighters at the site, and in 1970 Jindivik Target Aircraft transferred to Avalon Airport from Fishermens Bend, adding production of 170 Nomad and 75 Hornet military jets, in addition to servicing of other jets. In 1985,

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