Following are the need of Airport privitazation (sydney).Australia;

1.privatization help to focus on profitability-sydney airport is privatized because it's consider that profitability of the company's increase due to privatization and provide more return to their shareholders.

2 Better research and design model-sydney airport is privatized to improve their research and design to provide better facility to travelles using air services.

3 Strategic posture -now the airport of Australia like sydney is not only accountable to govt but also do their functioning according to their strategy to improve their market share.So after privatization of Sydney airport they meet broader demand of their shareholders.

4 Economic performance increases-due to privatization of Sydney airport company earn more profit than earlier.The operating expenses of Sydney airport is decreased after privatization

Sydney airport was sold through a tender process and it's sold on purchase price of $4.233b billion and taker of airport should also pay debt so total Revnue received by govt from Sydney airport privatization is $5.6 billion.

Sydney airport chairman Max Moore-wilton associated with the purchase of Sydney airport.