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 12.19.14 ** HD iPad-Friendly -- Airborne 12.19.14 **
** Airborne 12.17.14 ** HD iPad-Friendly -- Airborne 12.17.14 **
** Airborne 12.15.14 ** HD iPad-Friendly -- Airborne 12.15.14 **

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

Virgin America First To Offer Gogo's ATG-4 Inflight WiFi Service Fleetwide

New ATG-4 WiFi Brings Increased Bandwidth And Faster Browsing Speeds For Flyers At 35,000 Feet Virgin America has rolled out Gogo's faster ATG-4 WiFi service fleetwide, with the co>[...]

Aero-News: Quote Of The Day (12.22.14)

"It was a long time goal for both sisters to fly together and that dream recently came true. The women recently operated flight 1480 from FLL to DCA making them the first ever sist>[...]

Airborne 12.19.14: Falcon 8X Unveiled, Sportys 172LITE, Bizarre CA AvGas Lawsuit

Also: ANN/Airborne's Crystal Ball, Lear70/75 Mexico Cert, Carnegie Mellon's Lunar Rover, Dragon Delays Dassault Aviation rolled back the curtains earlier this week on the ultra-lon>[...]

Aero-News: Quote Of The Day (12.21.14)

"We have received extremely positive feedback from our Amadeus A-CDM Portal stakeholders. It is easy to use and enables them to make better decisions that contribute to smoother an>[...]

London Gatwick Airport Increases Runway Capacity To 55 Flights Per Hour

Estimates An Additional 2 Million Passengers On A Single Runway Assisted By Amadeus A-CDM Portal London Gatwick Airport (LGW) is the first to implement a cloud-based Airport-Collab>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC