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FAA gives Chicago extension on Midway privatization plan

US FAA last month granted the City of Chicago an extension to July 31 to submit a plan to privatize Chicago Midway. The city filed the extension application after current Mayor Richard Daley, who will leave office in May, said his administration was "not going to move" on MDW privatization, preferring that his successor "make that decision." A $2.5 billion deal to privatize MDW collapsed in early 2009 amid the global financial crisis.

US FAA last month granted the City of Chicago an extension to July 31 to submit a plan to privatize Chicago Midway. The city filed the extension application after current Mayor Richard Daley, who will leave office in May, said his administration was "not going to move" on MDW privatization, preferring that his successor "make that decision." A $2.5 billion deal to privatize MDW collapsed in early 2009 amid the global financial crisis. A crowded field of mayoral ...

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