New JFK Terminal Seeks To Set The Bar For Public-Private Partnership
News provided by: Aviation Week
August 5, 2024
Passengers traveling aboard Air France, Korean Air and a host of other major international airlines flying to New York John F. Kennedy Airport (JFK) will arrive at a massive, modern new international terminal starting in mid-2026, the most expensive element of JFK’s sweeping $19 billion overhaul.
In addition to welcoming passengers to New York City and the US more broadly, the new terminal will serve as a significant test case for a privately-run terminal in a country that has largely shied away from turning control of airports over to entities other than those that are public organizations such as airport authorities. Led by global airport developer and operator Ferrovial, a private consortium called New Terminal One (NTO) is financing the cost of the facility and overseeing construction, which began in 2022…
