Chicago is planning to go ahead with its plans to issue about $1 billion of bonds for O’Hare International Airport during the week of April 18. The third lien general airport revenue bonds are planned finance a new runway and other projects. Citigroup is underwriter on the deal. The airport’s two largest carriers — United Continental Holdings Inc (UAL.N) and American Airlines parent AMR Corp agreed to a $1.17 billion partial extension of the program and dropped their lawsuit. The deal, however, does not fully cover the $3.36 billion completion phase for O’Hare and the airlines, and the city agreed
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