from this Morning's Crain's Chicago Business (2/11):
Airlines near Midway deal
By Paul Merrion
Feb. 11, 2008
"Mayor Richard M. Daley's plan to privatize Midway Airport is gaining altitude.
Airlines operating at Midway say an agreement is near that would allow the city to seek a private operator for the South Side airport, a deal expected to raise up to $3 billion for Chicago's underfunded public pension plans and long-term infrastructure needs.
Under the federal law that allows Midway to be privatized, five of the seven airlines operating there must approve the deal's terms before it can be put out for bid." ...
"The airlines have been seeking assurances from the city that their costs at Midway won't go up dramatically and that the airport's operations and maintenance would not suffer so that a private operator could make a profit." ...
"While commercially operated airports are common internationally, Midway would be the first major U.S. airport to go private." ...
for the complete story
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