JFK T1 lease approved

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The Port Authority of New York and New Jersey Board of Commissioners has approved a proposed lease for the new Terminal One on the south side of John F Kennedy International Airport.

The Port Authority will enter the lease agreement for the new Terminal One with a consortium of airlines – Lufthansa, Air France, Japan Airlines and Korean Air Lines – and development and financial partners, among them The Carlyle Group, JLC Infrastructure and the Union Labor Life Insurance Company (Ullico), for the design, construction, financing, operation and maintenance of the new terminal, part of the JFK Redevelopment project.

The proposed lease provides for construction of a brand-new international terminal on the site previously occupied by existing Terminals 1 and 2 and an aircraft parking area previously occupied by Terminal 3 at an estimated cost of approximately US$7.4bn. The new Terminal One will open in stages, with the existing facilities remaining in operation to limit the impact on customers, until construction is completed in 2025.

When complete, the new terminal will contain at least 20 security screening lanes; over 200,000ft2 (18,580m2) of retail, dining and other concessions – with 50% of food and beverage venues already reserved for New York and Queens-based businesses; 116,000ft2 (10,776m2) of airline lounges; and 55,000ft2 (5,109m2) of interior green space, children’s play areas and cultural exhibits.

The complex will be operated by Reach Airports (a joint venture between Munich Airport International and CAG Holdings) and will be connected to the existing Terminal 4, which initially opened in 2001 and has been expanded twice since then, most recently in 2013.

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Tara has worked for UKi Media & Events since 2013, initially as a freelancer. She has been a journalist for over a decade and has worked for a range of publications, including Personnel Today, Management Today and The Grocer.

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