US airport privatization appears to be another casualty of the worldwide recession as investors back away from facilities with falling traffic and revenue. Collapse of the deal to sell a 99-year lease on Chicago Midway for an up-front payment of $2.52 billion leaves US FAA's pilot privatization program without a major airport. Negotiations between the city and Midway Investment and Development Co. ended in late April after the city refused a request for a second extension of the April 6 ...

Subscribe to Access this Entire Article

"Midway deal collapse clouds privatization outlook" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.