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Monday, December 27, 2010

Privatize the FAA

Cato @ Liberty; "Privatize the FAA" - Chris Edwards, Dec. 27, 2010:

"Bloomberg is reporting more bad news for the nation’s air traffic control system, which is run by the Federal Aviation Administration. The FAA is $500 million overbudget and six years behind schedule on a $2.1 billion technology upgrade project....

"There is a better way to run air traffic control — a private sector way, as Canada has been demonstrating. In 1996, Canada converted its government air traffic control system to a private nonprofit corporation. Nav Canada has been a smashing success, providing an excellent model for possible U.S. reforms.

" A December 24 story in the Financial Post describes how Nav Canada is a world leader in efficiency, safety, and technology under private management. 'A once troubled government asset, the country’s civil air traffic controller was privatized 14 years ago and is now a shining example of how to create a global technology leader out of a hulking government bureaucracy.' It really is an impressive story of pro-market reform."

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