Air Freight News

Port Authority passes scaled-down Delta terminal plan at JFK

The Port Authority of New York & New Jersey approved a scaled-down plan to redevelop Terminal 4 at John F. Kennedy International Airport,—where Delta Air Lines Inc. is the anchor tenant—after the Covid-19 pandemic put a $3.8 billion expansion on hold.

The bi-state agency at its monthly meeting Thursday authorized a $1.5 billion first phase with the potential for expansion in the future. The Terminal 4 project, scheduled to begin before the end of 2021, would add two new gates for single-aisle airliners like the Boeing 737 and the Airbus A320 and eight gates for regional jets along with other terminal upgrades.

Delta would have an option until the end of 2024 to expand the terminal to 11 or 12 gates for narrow-body aircraft.

“It’s a vote of confidence in JFK and it’s a vote of confidence in the region. It is a vote of confidence in the ultimate return of air travel,” said Port Authority Executive Director Rick Cotton. “But it also represents a 60% reduction in what we had originally planned for.”

Delta has planned to move its regional jets out of Terminal 2 and centralize operations at Terminal 4, the largest international terminal in New York, since 2010.

The Port Authority projects the first phase’s new gates would open in 2022 and construction complete in 2023.

JFK International Terminal, LLC Terminal 4’s operator, plans to borrow $1.5 billion, with Delta paying the debt service on $1.4 billion of securities. Debt service on the remaining $100 million would be paid from concessions and rental payments.



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

Thai Airways creditors set to vote on debt restructuring plan

Thai Airways International Pcl faces a key hurdle Wednesday as the national flag carrier navigates the devastation wreaked on the global travel industry by the pandemic.

View Article
Delta seeks volunteers to fill vacancies at airport lounges

Delta Air Lines Inc. is looking for employees to take shifts cleaning tables and restocking the buffet at Atlanta airport loyalty lounges after its normal contractor for the jobs couldn’t…

View Article
Duty-free giants are handing out free flights to lure customers

Last month, Hyun Jung-a boarded a flight from South Korea’s Incheon Airport. Around two hours later, she was back in the same airport and loading up on duty-free shopping, despite…

View Article
Swiss WorldCargo resuming flights to Boston on May 21st
View Article
Turkish Airlines Cargo opens new cargo connection from Munich to Istanbul
View Article
Airbus readies suppliers for next step in A320 ramp up

Airbus SE has told suppliers to be ready for a ramp up in production of its best-selling A320 narrow-body jet series to as many as 53 a month by the…

View Article