11/22/2008 05:12 am ET | Updated May 25, 2011

Midway Airport Could Be Private By Yearend

Chicago's $2.52-billion Midway Airport privatization deal is expected to win final clearance by yearend, the Federal Aviation Administration's top airports official said Wednesday.

"I think the deal will be approved," said D. Kirk Shaffer, associate administrator for airports at the FAA.

He added that he "can't say that conclusively" because the FAA has not yet received final documents from the city showing that the winning bidder was a group led by a unit of the Vancouver Airport Authority, Citibank and John Hancock Life Insurance.

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