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Regional
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Plans to privatize Chicago Midway fall through
As previously reported in CWT Traveler, Chicago Midway Airport was the first major U.S. hub airport to consider private ownership. Midway became eligible for leasing because Chicago decided to take part in a Federal Aviation Administration (FAA) experimental program to explore privatization to generate capital.
Recent announcements have cited a lack of necessary capital as the reason the privatization plans are no longer moving forward. While privatization may still be considered at a later date, plans will likely not move forward until “market conditions improve.”
Sources: CWT Traveler, USA TODAY, Aviation Week
