Midway Asset Sale Hits Snag
<i> Associated Press</i>
ST. PAUL, Minn. —
Northwest Airlines said Monday that its proposed $153-million purchase of assets of beleaguered Midway Airlines has been jeopardized by inaccurate data from Midway and environmental concerns.
“We’ve encountered a number of problems . . . and we have to simply resolve these issues,” said John H. Dasburg, Northwest president and chief executive. “If we don’t resolve these issues, then we cannot go forward and close on Midway.”
Northwest said data provided by the Chicago carrier on its traffic and passenger revenue was inaccurate, and that it had uncovered potentially serious environmental problems at Midway’s base at Chicago’s Midway Airport.
