My view of the UK experience:
ATC privatised away from CAA. CEO is now paid tenfold what they were previously. Dividends paid to shareholders. Staff numbers and conditions squeezed. Overheads and empires expand to unsustainable levels so that contracts lost, but same staff provide the same great service at the coalface for less reward. CAA does safety and economic regulation - a conflict of interests where £€$¥ seems to win.
I see no evidence of privatisation improving customer service, costs, safety, conditions and if there was a real nasty event then the government would still need to pick up the pieces so still holds the risk. Another example of privatise the profit, but nationalise the risk.
Last edited by Dan Dare; 11th Feb 2016 at 17:36.