Nov. 21, 2019, the PANYNJ Board of Commissioners approved a proposed lease for The New Terminal One on the south side of John F. Kennedy International Airport.
Just 24 months after Governor Cuomo announced his vision for a New JFK Airport, the Port Authority approved the lease between the agency and developers of Terminal One.
The Port Authority will enter into 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 -The Carlyle Group, JLC Infrastructure and the Union Labor Life Insurance Company (Ullico) – for the design, construction, financing, operation and maintenance of the new, sustainability designed and future-focused state-of-the-art terminal as part of the JFK Redevelopment project.
JetBlue and its Millennium Partners are next in line to receive approval for their development. These two projects along with the current American Airlines upgrade currently total over $13 billion in infrastructure improvements at JFK. Similar projects are in the works and development at Newark International and LaGuardia as well.