Two bidding groups left for Midway privatization, Bloomberg reports

SHARE Two bidding groups left for Midway privatization, Bloomberg reports
SHARE Two bidding groups left for Midway privatization, Bloomberg reports

Bloomberg News is reporting that two bidding groups are left for the lease of Midway International Airport. The estimated $2 billion contract could be awarded as early as September.

Ferrovial SA, also the largest stakeholder in London Heathrow, and Industry Funds Management are the two groups remaining, according to Bloomberg sources familiar with the auction.

Bloomberg writes:

The Midway lease, which initially drew six bids including from Gatwick owner Global Infrastructure Partners, is part of a wider U.S. Federal Aviation Administration pilot program to privatize airports and spur infrastructure investment. Southwest Airlines Co. (LUV), the biggest low-fare carrier, dominates the volume of flights at Midway.

[Bloomberg]

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