What is the purpose of the Airport Privatization Program?

The purpose of the Airport Privatization Program is to facilitate the transition of airport operations to private sponsors. This program allows for private sector participation in the development and management of public-use airports, thereby encouraging investment and potentially improving efficiency. By allowing private entities to take on operational responsibilities, the program aims to enhance airport services and stimulate economic growth while still adhering to federal regulations and oversight.

This initiative recognizes the benefits that private management can bring, such as innovation, investment in facilities, and improved customer service. By leveraging private capital and expertise, airports can operate more effectively and respond better to the needs of their communities and travelers.

The other options do not align with the overall mission of the program. Increased federal control is contrary to the program's goal of privatization, while retaining full municipal ownership would not involve private sponsorship. Additionally, the program does not focus on assigning tax privileges but rather on operational management and development.