Midway privatization attracting new interest
Chicago Midway privatization,which collapsed a year ago in the wake of the global financial crisis, is attracting new interest from potential bidders, according to Southwest Airlines VP-Properties Robert Montgomery, who spoke at last week's Phoenix International Aviation Symposium.
In a filing unearthed by GamePolitics, Thomas states: ``Midway has an immediate need to access and use AHS's Cash Collateral (another company owned by Thomas). Nor can it be disputed that, based upon the Debtors' 13-week forecasted budget, Midway is haemorrhaging cash at an alarming rate.