Changes in the regulatory state, the privatization of network industries in Europe and in air transport have led to a redefinition of how airports are regulated. The French model of state ownership and regulation of airports became progressively out of step with a broader European market-oriented frame of reference. A new French sectoral frame of reference was developed and became public policy in 2005. A cognitive analysis identifies the key factors and actors responsible for this shift. This article explores the nature of the changes made to adapt the French model to a European framework and examines the influence of foreign models of regulation on the design of the French model. Finally, it suggests that features of the European frame of reference for regulatory structures have been adapted within France.