Airport Director Jerry Orr, commenting on airport privatization at the October AAC meeting (select appropriate pdf file):
My position would be that this airport is privatized as opposed to a government operation because we have never received one penny of general fund tax money. So although we are governmental, we operate just like any business. We have to have enough revenues to cover our expenses. That’s really the purpose of going to the rating agencies because we are asking the agencies to rate our bonds. We make a presentation to them and show them that no matter what happens we have a sufficient revenue flow and financial plan to repay the bond holder.
Sorry Jerry, what you’re describing is an enterprise fund. That’s not the same thing as privatization. Privatizing the airport would mean selling it to private owners. Completely different concept.