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

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 06.26.15

Airborne Hi-Def On YouTube

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 06.26.15

 

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 07.01.15: Hexacopter Shot, E Hampton Airport, Eclipse 'Special Edition'

Also: Airport Discrimination, Jeff Skiles, EAA Chapters, NBAA's Quiet Guidelines, United Consolidates, Dreamliner Display, Iraqi General F-16 Loss Whether it’s federal regula>[...]

ANN's Daily Aero-Linx (07.02.15)

UK Apache Resource Center If you ever need to find the production date of a specific Apache helo operating in the UK armed forces, you've come to the right place!>[...]

ANN's Daily Aero-Term (07.02.15): Major Repairs

A repair that (1) if improperly done, might appreciably affect weight, balance, structural strength, performance, powerplant operation, flight characteristics, or other qualities a>[...]

Aero-News: Quote Of The Day (07.02.15)

"Houston has been at the forefront of aviation history and innovation for decades." Source: Houston Aviation Director Mario C. Diaz, on the grant of an FAA Spaceport License for El>[...]

California Cop Tells UAV Owner That His Aircraft Creates 'Suspicion Of A Crime'

Had Been Capturing Images Of The Orange County Sheriff's Department Station The creator of the YouTube channel The Junkyard News was capturing images of the Orange County Sheriff's>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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