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Chicago Midway International Airport Bonds

Issuer Type: Airport

Bond Ratings

1 of 2

First Lien - Revenue Bonds

S&P
A

Second Lien - Revenue Bonds

S&P
A
Fitch
A
Kroll
A

Chicago Midway International Airport  encompasses an area of approximately 840 acres, with the airfield comprising five runways, two of which serve airline operations, while the remaining runways serve general aviation. Both airline runways are equipped with instrument landing systems to enable operations in most weather conditions. The 1-million square- foot terminal and connected concourses provide access to a total of 43 aircraft gates, three of which are capable of serving inbound international passengers. Public parking facilities at the Airport include a Terminal Parking Garage adjacent to the terminal, with approximately 2,470 spaces, and a surface lot and seven-level structure located on the north side of the Airport, with 8,842 long-term economy spaces.

Airport bonds may be used for capital improvements at the airport including:

Noise abatement programs                                                                                          

Reconfiguring runway system                                                                           

Rehabilitation of airfields, runways and taxiways                                                           

Security improvements at the airports                                                               

Terminal and concourse upgrades