United, American strike deal on US$8.5bil Chicago O’Hare airport revamp

A rendering of O’Hare Global Terminal.Source: Chicago Department of Aviation

Chicago: United Airlines Holdings Inc and American Airlines Group Inc have reached an agreement to press ahead with an US$8.5bil revamp of Chicago’s O’Hare International Airport, the world’s fourth-busiest airport.

The deal comes after months of disagreements over ballooning costs for the project, which was first announced in 2018. In separate statements, the dual hub partners said they and the city have found a solution to avoid further delays and keep costs in check – although it won’t be easy.