Local News

Triangle Looks for Benefit from Local Midway Investment

Posted January 16, 1997

— Sources say the investment group that's trying to land theis Midway deal is led by billionaire Jim Goodnight.

Goodnight is the owner of SAS, one of the world's largest computer software companies that's headquartered in Cary.

Tom White, with the greater Durham Chamber of Commerce, says the fact that Goodnight's investment group is based in the triangle could definitely attract more business here.

Airport director John Brantley says a financially stable Midway with plans to expand would definitely have room to grow at RDU.

The details of the deal with current Midway owner Sam Zell are still up in the air. Commercial Aviation Report, an industry newsletter heading to print tomorrow, is reporting that under the terms of the deal the investment group "will buy controlling interest in the airline."

And while the numbers of that deal aren't being released, the newsletter writes "indications are that about 20 million dollars will be infused in Midway with one third coming from Zell and two thirds from Goodnight's group.

Brantley is being cautiously optimistic.

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