Southwest Airlines reached agreement last week with the City of Chicago that Mayor Richard Daley's office said is "a very big first step" toward its planned privatization of Midway Airport. US legislation enacted in 1996 created a pilot program for five airport privatizations, but under the law a city needs the approval of 65% of an airport's airline tenants in order to use proceeds from a privatization for nonaviation-related purposes, which has been a historical stumbling block. Daley ...

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