Long Beach Airport Privatization

Interesting story from the LA Times.

I know people will say that there was interest because they had 3 million passengers, but check out the deficit---15.7 million!!! ORH is losing about 2 million per year.


Despite this shortfall, "the city received unsolicited inquiries about the sale or lease of Long Beach Airport assets from major banks and Wall Street firms, including Citigroup, J.P. Morgan, Goldman Sachs, Merrill Lynch and Morgan Stanley."