Chicago to reignite Midway Airport privatisation? Who will bid?

Chicago City reportedly plans to complete Midway Airport’s privatisation by the end of 2010 after failing to do so in early 2009. The City has until 01-Feb-2010 to submit a new privatisation timeline to the FAA or it will lose its slot in the FAA’s pilot airport privatisation programme, one that is being filled up quickly with proposals from smaller airports. [2561 words]

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This report contains the following subheadings:

• Confidence grows out of London, St Petersburg deals
• Failure was a blow to Chicago’s budget
• The first difficult test of equity investor appetite for infrastructure assets in a post-leveraged world
• So what would a new, or previous, investor get for its money now?
• O’Hare’s expansion programme has a death wish
• Sister Act
• Who will bid for Midway?
• New Orleans, Puerto Rico and others press privatisation claims
• Airport giveaway

This report contains the following charts and tables:

• Table: Chicago airport statistics, Nov-2009
• Chicago O’Hare Airport and Chicago Midway Airport passenger number growth: Nov-2008 to Nov-2009
• Chicago O’Hare Airport and Chicago Midway Airport cargo volume growth: Nov-08 to Nov-09