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 ...

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