NARITA AIRPORT NEEDS A REGULATOR

NARITA AIRPORT NEEDS A REGULATOR    Giovanni Bisignani, general director and chief executive officer of the International Air Transport Association (IATA), has urged the Japanese government to see that an “effective economic regime” is put in place as part of the privatization of Tokyo’s Narita airport
   Bisignani, in a letter to Chigake Ogi, Japan’s minister of land infrastructure and transport, said that regulatory regime would see that airport charges were “just and reasonable.”
   Prior to privatization, IATA urged that Narita introduce the ‘single-till’ principle, define an appropriate rate of return, and evaluate its asset base.
   Landing charges at Narita are currently the highest in the world, IATA said in a statement.
   Bisignani’s association represents 275 airlines accounting for 98 percent of international traffic.