Transportation Industry
Midway privatisation moving closer?(Americas)
Airports International, January, 2008 by Crump, Eryl
Southwest Airlines has reached agreement with the City of Chicago that Mayor Richard Daley's office said is "a very big first step" toward its planned privatisation of Midway Airport. US legislation enacted in 1996 created a pilot programme for five airport privatisations. But the law states that a city needs the approval of 65% of an airport's airline tenants in order to use any proceeds from privatisation for non aviation-related purposes. This has been a historical stumbling block. Daley wants to lease Midway to a private operator but his administration must still gain approval from four more airlines to reach the threshold.
Southwest, the airport's biggest tenant, had been a strident opponent in the past. But observers noted that its statement and change...
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