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Midway leased finalised – first major US airport privatisation goes ahead


A little earlier than anticipated and right in the middle of a global financial crisis, the City of Chicago concluded the lease deal on the city’s Midway Airport on 30-Sep-08. The winning bidder, which offered the most money, is Midway Investment and Development Corporation (MIDCo), comprised of Citi Infrastructure Investors, Vancouver Airport Services (YVRAS) and John Hancock Life Insurance Company. [1160 words]

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