TWELVE MONTHS AGO, AEROPORTS de Paris initiated its oft-delayed privatization process with the sale of 32.8% of the company. In addition to raising €1.12 billion ($1.44 billion) for the French airports operator and the government, the IPO raised the ire of otherwise reserved Air France KLM Chairman and CEO Jean-Cyril Spinetta. In a rare series of public outbursts, he openly disapproved of the privatization that led to a new Economic Regulation Agreement for the 2006-10 period permitting a ...

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