Citi Infrastructure Investors, Vancouver Airport Services and John Hancock win concession and lease of Chicago Midway Airport

    CHICAGO, IL and RICHMOND, BC, Sept. 30 /CNW/ - The Midway Investment and
Development Corporation ("MIDCo"), comprised of Citi Infrastructure Investors,
Vancouver Airport Services (YVRAS) and John Hancock Life Insurance Company
today announced that it has won a US$2.521 billion, 99-year lease contract to
operate and develop the first privatized major airport in the U.S., Chicago
Midway Airport.
    Chicago Midway Airport offers service to more than 55 destinations and
consistently ranks among the top 30 airports in the U.S. for passenger volume.
In 2007, it handled more than 19.3 million people and 304,000 aircraft
operations. Together with the city's O'Hare Airport it serves the
third-largest metropolitan area in the U.S., with a population of 10 million
    "This contract marks a milestone in the growth of our company, and is a
clear example of how we can leverage our success at home to develop the best
airports in the world," said Larry Berg, President and Chief Executive
Officer, Vancouver Airport Authority. "Since the mid-nineties, our subsidiary,
YVRAS, has grown from a great idea into a global airport operator, and we're
proud of this homegrown success."
    "We are excited to undertake this extremely important infrastructure
opportunity with our MIDCo partners, and look forward to working closely with
the City of Chicago, the airlines, travelers and the community on this
groundbreaking transaction." said Felicity Gates, co-head of Citi
Infrastructure Investors.
    "We are pleased to be part of this excellent team that has secured the
rights to operate Midway Airport and we look forward to working with the City
and the airlines to provide excellent services to the traveling public," said
Robert Keough, Managing Director, Transportation Finance, John Hancock Life
Insurance Company.
    "This is an excellent opportunity for the company, our employees and our
network of airports," said George Casey, President and Chief Executive Officer
for Vancouver Airport Services. "In addition, we can continue to partner with
British Columbian and Canadian firms exporting know-how, knowledge and best
practices. The experience we have in transitioning airports from government
control to private sector management will benefit the operation at Chicago
Midway Airport."

    About Vancouver Airport Authority

    The Airport Authority is a community-based, not-for-profit organization
that operates Vancouver International Airport (YVR). Canada's second busiest
airport, YVR expects to welcome 17.9 million passengers in 2008, and is the
Official Airport of the Vancouver 2010 Olympic and Paralympic Winter Games.
The Airport Authority is undertaking a $1.4-billion capital program that will
ensure the airport meets the growing demand for air travel and continues to be
developed as a premier global gateway and economic generator for British

    About Vancouver Airport Services

    Vancouver Airport Services (YVRAS) is North America's leading global
airport investment, management and development company. In 2007, the YVRAS
network included 18 airports in seven countries including Canada. Total
revenue earned across YVRAS-operated airports was $433-million. Its combined
passenger traffic totaled more than 29 million. The company received the 2007
BC Export Award for Professional and Services given by the B.C. Government and
Canadian Manufacturers & Exporters. YVRAS brings its global experience,
world-class operating standards and commercial success to airports in vastly
different competitive and cultural environments. YVRAS itself is a 50/50
partnership between award-winning Vancouver Airport Authority and CII and is
CII's exclusive platform for investing in airport assets.

    About Citi Infrastructure Investors

    Founded in 2007 with offices in New York and London, Citi Infrastructure
Investors, a unit of Citi Alternative Investments, a division of Citi, seeks
to capitalize on the growing need for infrastructure funding around the world
and increased private sector involvement in infrastructure-related
investments. CII manages equity investments in infrastructure assets and
oversees a management company focused on the operation of these investments.

    About John Hancock Life Insurance Company

    John Hancock Life Insurance Company is part of John Hancock Financial
Services, a unit of Manulife Financial Corporation. Manulife is a leading
Canadian-based financial services group serving millions of customers in 19
countries and territories worldwide. Operating as Manulife Financial in Canada
and Asia, and primarily through John Hancock in the United States, the company
offers clients a diverse range of financial protection products and wealth
management services through its extensive network of employees, agents and
distribution partners.

For further information:

For further information: YVR Media Relations, (604) 880-9815,,; Citi Infrastructure Investors, (212)
816-2264,,; John Hancock
Life Insurance, (617) 663-4749,,

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