Chicago Asks For $4.50 PFC To Fund Modernization Program
The City of Chicago has applied with FAA to impose a $4.50 Passenger Facility Charge (PFC) at O'Hare International Airport worth $270 million after tenant airlines balked at the city's plan to issue more bonds to fund the O'Hare Modernization Program (OMP). The extra money is needed to cover a...
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