FAA Approves Privatization Of Chicago's Midway Airport | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.22.15

Airborne 01.22.15

Friday

Airborne 01.23.15

Airborne 01.23.15

Tue, Jan 22, 2013

FAA Approves Privatization Of Chicago's Midway Airport

City Immediately Solicits Bids To Operate The Facility

The FAA on Friday gave its approval to the city of Chicago to transfer Midway Airport to a private management firm, and the city immediately opened the bidding process for a contract.

The FAA said in a brief statement that Chicago "can take the next steps to select a private airport operator." The Associated Press reports that Mayor Rahm Emanuel says he hopes the initial contract will generate enough revenue to retire the airport's approximate $1.4 billion debt to the city. Emanuel said he is seeking a company that will sign a 40 year lease with the city to operate the airport. A 59-page document was posted almost immediately after the FAA's memo approving the process was received.

Midway Airport is 85 years old, and saw nearly 20 million passengers last year, according to airport officials. The RFP document calls the airport an "excellent investment opportunity for the private sector."

Companies interested in running the airport have to have their initial proposals to the city by February 22nd. Final bids will be due later this year, though a firm date has not been set. Given the review periods and regulatory approval needed to transfer the airport to private management, there is no timeline for when a private company might actually begin to operate the airport.

FMI: www.faa.gov/airports/airport_compliance/privatization/

Advertisement

More News

Airborne 01.27.15: USCG Rescue!, Two Eagles Over Pacific, UAV v White House

Also: Hartzell/Red Bull, GA Coalition, Aero-Calendar, Commemorative Air Force, Sarah Brightman To ISS, Hot Air Balloon Endurance Record The pilot of a single engine Cirrus SR22 air>[...]

Pipistrel Updates WattsUp Program

Gives Inside-The-Cockpit Look At The Prototype Electric Trainer Pipistrel on Monday released a video showing an inside-the-cockpit view of their new WattsUp electric trainer ... a >[...]

AD: Airbus Airplanes

AD NUMBER: 2014-26-08 PRODUCT: All Airbus Model A330-200, -200F, and -300 series airplanes.>[...]

ANN's Daily Aero-Linx (01.28.15)

The Google Lunar XPRIZE The Google Lunar XPRIZE consists of $30 million in prizes designed to inspire pioneers to do robotic space transport on a budget. Teams from around the worl>[...]

ANN's Daily Aero-Term (01.28.15): National Route Program (NRP)

A set of rules and procedures designed to increase the flexibility of user flight planning within published guidelines.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC