Research On Avoiding Risk From Merger And Acquisition In Airport Industry

The merger and acquisition in airport industry occurs quite often at present. This thesis describes the current situation of such merger and acquisition. On the basis of theory and classification of merger and acquisition, I argue how to avoid risk from merger and acquisition in airport industry. I analyze motives of merger, reason why risk occurs, and classification of merger, and then propose how to establish risk-avoiding system and related principles. I also argue implementing and executing principles and main contents of risk-avoiding system under the perspective of risk precaution, active surveillance, and risk control from three-stage merger and acquisition. I cite some examples such as Fuzhou airport, Hainan Meilan airport and Three-gorge airport to support my viewpoints. This thesis empirically and theoretically analyzes how to avoid risk form merger and acquisition of airports. And I reach a conclusion as follows: Systematic risk-avoiding system to be effective in lowering risk from merger and acquisition in airport industry and reducing the difficulties that the merger and acquisition of enterprise integration.And at the same time,it can challenge that the airport acquisition success rate. At the end of this thesis, I argue the extension issue:because of special risk, it's difficult to avoid the risk of merger and acquisition; the rate of success is no good; merger and acquisition can be only partially solved the problem of loss; other methods such as trusteeship and reform must be used to solve distress of airports.