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Cayman Islands Airports Authority denies airport privatisation

25-Mar-2010 1:06 PM

Cayman Islands Airports Authority (CIAA) stated it does not support any moves to privatise its airports despite the recently published Miller Report suggesting privatising Owen Roberts International Airport would save the Cayman Islands Government an additional USD10.6 million per year that it now provides as an annual subsidy payment (Cayman News Service, 23-Mar-2010). CIAA stated the USD10.6 million does not represent an annual subsidy payment to the Authority but money collected from government departments for specific services.

Cayman Islands Airports Authority: “I doubt very much that the Cayman Islands Government would condone or consider relinquishing the control of airports in the Cayman Islands to any one individual or entity which could result in creating a monopoly of our airport business. Furthermore, I believe that the UK’s civil aviation authorities would also need to be consulted,” Norman Bodden, Chairman of CIAA Board of Directors. Source: Cayman News Service, 23-Mar-2010.