The City of Chicago picked a consortium led by Vancouver Airport Services to operate Midway Airport under a 99-year lease. The group's $2.5 billion bid was the highest offer for MDW, the first large US commercial airport to be privatized under an FAA pilot program. Other members of the winning consortium are Citi Infrastructure Investors and John Hancock Life Insurance Co. It is the first US contract for YVRAS, which operates 18 airports in seven countries. The deal must be approved by the ...

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