1. By: FAA Office of Airport Compliance and Field Operations, ACO-100 Date: July 29-30, 2008 Federal Aviation Administration Airport Privatization Pilot Program Chicago Midway International Airport

2. 2 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 2 Topics of Discussion Federal Review Process Timeframe Lessons Learned Post-Settlement

3. 3 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 3 Federal Review Regulatory Review Solicitation of Public Comment DOT/FAA Application Review

4. 4 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 4 Regulatory Review FAA - Part 139 Airport Operating Certificate TSA - Airport Security Plan

5. 5 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 5 Public Comment Period Open public docket 60 day comment period Notice of public hearing DOT/FAA public hearing Review public comments

6. 6 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 6 Application Review and Analysis Parties to Transaction Airport Property Terms of Transfer Qualifications of the Private Operator Requests for Exemptions Air Carrier Approval Airport Operation and Development Assent to Audit Public Comments

7. 7 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 7 Federal Documents at Settlement Record of Decision including Findings and Exemptions granted Response to Public Comments Environmental Review Part 139 Airport Operating Certificate TSA Approval

8. 8 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 8 Timetable 020406080100120140160 ROD / Settlement / TSA and Part 139 issued Application Review/ROD development Contractor prepares hearing transcript FAA Public Hearing Notice of Public Hearing TSA Review of ASP Part 139 Certification review Private operator's Partnership Agreement 60-day public comment period Final application review period City prepares and submits final application City selects operator and approves lease 52 days 20 days 30 days 15 days 60 days 65 days 60 days 12/17 12/17/08 DOT/FAA 11/14/08 DOT/FAA 10/18/08 10/25/08 DOT/FAA 12/2/08 TSA 12/2/08 FAA 10/27/08 DOT/FAA 12/11/08 DOT/FAA 12/9/08 DOT/FAA 9/29/08 City 9/15/08 Days 8/1/08 10/6/08 10/13/08 11/3/08 10/6/08 10/26/08 10/27/08 CFIUS Initial Review 30 days 10/13/08 11/11/08 Treasury

9. 9 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 9 Lessons Learned Meet with DOT and FAA after filing application Ensure proposal and application are consistent with lease Disclose all agreements and sources of revenue Provide a business plan and financial statements Provide a management plan for the operation of the airport

10. 10 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 10 Post Settlement Airport compliance program Private operators* of Federally obligated airports are subject to the same regulatory oversight as public operators * With the exception of the exemptions issued under Title 49 Section 47134

11. 11 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 11 Airport Compliance Program Airport Sponsor Grant Assurances FAA Order 5190.6A, Airport Compliance Requirements Policy and Procedures Concerning Use of Airport Revenue, Federal Register Notice Vol. 64, February 16, 1999 Policy Regarding Airport Rates and Charges, Federal Register Notice, Vol. 61, June 21, 1996 and July 10, 2008 Amendment

12. 12 Federal Aviation Administration FAA Airport Privatization Pilot Program July 29-30, 2008 12 Airport Compliance Program http://www.faa.gov/airports_airtraffic/airports/airport_obligations/