MIDAMERICA St Louis Airport has been granted approval from the St Clair County Board to issue US$550 million in "conduit" revenue bonds, to realise the goal of developing the airport into a hub for regular air cargo flights to mainland China.
    The bond was issue on behalf Strategic Air Cargo Inc, a report by Belleville, News-Democrat said.
    It said the $550 million bond issue for MidAmerica will pay for a new air cargo fleet, without providing further details.
   Terry Beach, the county economic development director, was quoted as saying that the vote to authorise the sale of the initial $60 million in bonds "is just the initial step to try to move the project forwards."

(source:shipping online)