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Airlines sign off on revamped plan for O'Hare rebuild, but express caution about the budget [Yahoo! Finance]
Last american airlines group, inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
The city in early April proposed changing the order of construction on a new Global Terminal and nearby satellite concourses, opting to “accelerate the completion of the Global Terminal,” which is set to replace aging Terminal 2. Initially, the plan was to build two satellite concourses first, which would have added gate space for airlines to use while Terminal 2 was torn down and replaced with the Global Terminal. A change in the order of construction had been sought by airlines during months of contentious negotiations with the city over the rebuild, as they sought to ensure the new terminal wasn't threatened by future budget issues. O'Hare's two main carriers, American and United, had pushed back against rising construction costs at the airport, a key piece of the city's economy and a hub in the nation's air system. Friday, United and American issued statements supporting the plan. United said the city's aviation department would move forward with construction on the first sat
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