Airport development and operating company, Vantage Airport Group and infrastructure investor, Corsair Infrastructure have announced the successful financial close of the 4.2 billion USD deal to develop a new international Terminal 6 at John F. Kennedy International Airport (JFK).
Vantage is the lead member of JFK Millennium Partners, which was selected by the Port Authority of New York and New Jersey (PANYNJ) to finance, build and manage the new Terminal 6. Vantage will be the principal developer and operator of the new terminal, while Corsair will serve as the principal financial sponsor.
“Today’s milestone is the result of significant, dedicated efforts of the Vantage team to lead this complex project and bring the shared objectives of JFK Millennium Partners and our other project partners to life at Terminal 6.
“We know airports and will leverage our expertise to deliver another world-class airport terminal in the New York market; one that will maximise opportunities for community involvement and employment, transform the guest experience for millions of visitors, and demonstrate the power of strong partnerships to deliver best-in-class airport infrastructure.”
The 1.2 million-square-foot new Terminal 6 is scheduled to be complete in 2028 and will have capacity for ten gates.
Vantage will lead the construction of the new JFK Terminal 6 in two phases. Under a long-term lease with PANYNJ will manage the existing Terminal 7 until its demolition in 2025 and the new international Terminal 6 until 2026.
“In the complex world of airport and infrastructure development, institutional investors must look to more than a standalone fund for deploying capital. Together, Corsair and Vantage offer a unique combination of development, execution, and management expertise, regulatory knowledge, and active equity sponsorship to support meaningful and complex infrastructure public-private infrastructure projects of this kind, particularly as the need for North American infrastructure investment has never been greater.”
JFK Terminal 6 is Vantage and Corsair’s second airport terminal development project in New York, following the completion of the new 5.1 billion USD LaGuardia Terminal B in July 2022, which is now operated by Vantage.
Denver International Airport (DEN) has cut the ribbon on Taxiway EE, marking the completion of the largest FAA-funded safety project.
The Port of Seattle's C Concourse Expansion project at Seattle-Tacoma International Airport (SEA) is ready for construction.
201 million USD in Bipartisan Infrastructure Law funding has been awarded to improve airfield lighting systems at 82 US airports.
Dallas Fort Worth International Airport (DFW) has ordered six Oshkosh Striker Volterra hybrid-electric ARFF vehicles.
Pittsburgh International Airport (PIT) has passed the halfway point in construction for its Terminal Modernization Program (TMP).
The Port Authority of New York and New Jersey has launched an autonomous shuttle service at Newark Liberty International Airport (EWR).
Tampa International Airport (TPA) has partnered with The Indoor Lab to deploy LiDAR technology throughout the airport.
St. Louis Lambert International Airport (STL) has purchased 5 Lightning ZEV4 electric shuttle buses to operate between its two terminals.
The FAA has granted authorisation for Raleigh-Durham International Airport (RDU) to replace its primary runway, 5L/23R.
Houston City Council has approved the first instalment of funding to construct William P. Hobby Airport's West Concourse Expansion Project.
Delta Air Lines and Los Angeles World Airports have unveiled the final major phase of their 2.3 billion USD Delta Sky Way at LAX project.
Austin-Bergstrom International Airport (AUS) has commenced construction on its terminal expansion programme's West Gate Expansion project.
The US Department of Transportation has fined American Airlines 4.1 million USD for violating tarmac delay mandates on 43 flights.
Dallas Fort Worth International Airport (DFW) has commenced work on Runway 17R/35L as part of its airfield improvement programme.
Terminal A at Newark Liberty International Airport (EWR) is now fully operational following the opening of its final five gates.
MWAA and Dominion Energy have broken ground on the Dulles Solar and Storage project at Dulles International Airport.
Nashville International Airport (BNA) has been selected as the home of Southwest Airlines' newest Crew Base from 2024.
Asheville Regional Airport (AVL) has broken ground on its AVL Forward project to build a new airport terminal in North Carolina.
Gerald R. Ford International Airport (GRR) has broken ground on its new aircraft rescue and firefighting (ARFF) facility in Michigan.
Dallas Fort Worth International Airport (DFW) has broken ground on its electric Central Utility Plant (eCUP).
The Port of Seattle has selected AECOM to lead the S Concourse Evolution at Seattle-Tacoma International Airport (SEA).
Oakland International Airport has completed its Terminal 2 Security Exit Project, which will increase security and provide welcoming art.
Dallas Love Field Airport (DAL) is trialling JetWind Power's technology to capture and convert wind generated from aircraft into energy.
Newark Liberty International Airport has achieved the next milestone in constructing its new Terminal A, opening seven additional gates.
Los Angeles World Airports has selected project partners for the Cargo Modernization Program at Los Angeles International Airport (LAX).
United Airlines is investing in Electric Power Systems (EPS) to enhance its ground operations and facilitate all-electric flights.
The FAA has granted 44.5 million USD in funding to help US airports purchase electric buses and charging stations.
United Airlines opened a United Club lounge in the new Terminal A at Newark Liberty International Airport.
The TSA has issued its first-ever approval for airside-to-airside connection via coach to American Airlines and Landline at PHL.
Denver International Airport is extending its DEN Reserve programme, via which passengers can book a specific time slot at airport security.
Philadelphia: PHL has completed the second phase of its queue management system, giving passengers real-time information about wait times.
Passengers at DFW will be able to pour away prohibited liquids using a liquid-disposal container before recycling or reusing their bottles.
Canada's Minister of Transport is investing up to 30 million CAD to construct a US preclearance facility at Billy Bishop Toronto City Airport.
Los Angeles World Airports has broken ground on the Midfield Satellite Concourse South at Los Angles International Airport (LAX).
Skanska and Halmar International have won a 1.24bn USD contract to build JFK's new landside roadway network and ground transportation centre.
Philadelphia International Airport (PHL) has installed biometric screening technology at all 25 gates across Terminal A.
Gerald R. Ford International Airport (GRR) has completed Phase 1 of its newly expanded Concourse A project.
Amadeus’ Auto Bag Drop and Next Generation Kiosk self-service units have been installed at John F. Kennedy International Airport (JFK) T4.
Spirit Airlines has installed 19 self-bag drop units with biometric photo-matching technology at Orlando International Airport (MCO).
Charlotte Douglas International Airport (CLT) has broken ground on its fourth parallel runway as part of its Destination CLT portfolio.
The Port Authority of New York and New Jersey (PANYNJ) has announced expanded plans to test autonomous vehicles at its airports.
Delta Air Lines and Los Angeles World Airports have opened the west headhouse check-in and bag-drop area at LAX Terminal 3.
Massport has announced plans to rehabilitate and improve safety on Runway 15R-33L at Boston Logan International Airport (BOS) this summer.
A HDR-led team will provide construction management services for the landside portion of LAX's Airfield and Terminal Modernization Project.
The Federal Aviation Administration (FAA) has awarded more than 100 million USD to 12 airports in the US to help prevent runway incursions.
As the demand for air travel continues to grow, the TSA is modernising airport checkpoints to enhance security effectiveness and efficiency.
Dallas Fort Worth International Airport (DFW) and American Airlines have signed a 10-year agreement that will see $4.8bn invested in growth.
San Antonio City Council has approved a new Ground Load Facility (GLF) with additional gates at San Antonio International Airport (SAT).
Los Angeles World Airports has presented its LAX Terminal 9 construction project at an industry showcase event attended by over 1,100 people.
Tampa International Airport (TPA) has added four BYD K9M low-floor electric buses to its employee shuttle fleet.
Post-Covid passenger numbers in the US now consistently meet or exceed pre-pandemic figures, leading to a new era of airport redevelopments.
Philadelphia International Airport (PHL) has upgraded its fire safety training equipment to include the latest industry technology.
Los Angeles International Airport (LAX) is trialling Liberty Defenses' HEXWAVE security solution for aviation worker screening.
PANYNJ has signed a contract with TotalEnergies to begin construction on a solar carport at John F. Kennedy International Airport (JFK).
DFW has is developing its 19th Street Cargo facility to enhance the airport's ability to process international cargo.
Burbank-Glendale-Pasadena Airport Authority has selected the design concept for a new passenger terminal at Hollywood Burbank Airport (BUR).
The FAA has selected a design by Practice for Architecture and Urbanism for new air traffic control towers at municipal and smaller airports.
San José is planning to establish a dedicated transit solution to connect Diridon Station and San José International Airport.
Oakland International Airport (OAK) is undertaking an evaluation trial of Liberty Defense's HEXWAVE security system for screening employees.
In North Carolina, Raleigh-Durham International Airport (RDU) has opened its new West Remain Overnight (West RON) aircraft parking ramp.
Seattle-Tacoma International Airport (SEA) has completed a 21.8 million USD renovation project at its Central Terminal. This project aims to enhance the cust...
The Transportation Security Administration (TSA) is investing up to 1.3 billion USD in Computed Tomography (CT) scanners for US airports.
San Diego International Airport (SAN) has received its first shipment of renewable diesel, which is now being used for diesel-powered airside vehicles and equip...
Tampa International Airport (TPA) is updating its Airsides A and C automated people mover (APM) shuttles and guideways.
Dallas Fort Worth International Airport (DFW) has broken ground on the southwest phase of its End Around Taxiway (EAT) programme.
San Francisco International (SFO) has received an award for its in-house TaxiVQ app that allows taxi drivers to enter a virtual queue.
The PANYNJ has authorised 12m USD for planning work to improve access to Newark Liberty International Airport (EWR) and its transit network.
The Port Authority of New York and New Jersey has released a report assessing the options for mass transit to and from LaGuardia Airport.
Los Angeles International Airport (LAX) has celebrated the topping out of the Tom Bradley International Terminal Core.
Pittsburgh International Airport (PIT) has unveiled designs for a new connector bridge and tunnel to connect its future landside terminal.
United Airlines is set to modernise its US deicing operations with a system-wide deployment of JCAII's Icelink solution.
Sacramento International Airport (SMF) has partnered with Amadeus to deploy facial biometric technology at its boarding gates.
The PANYNJ will a host three-vehicle autonomous platooning demonstration at JFK Airport in partnership with Ohmio.
The FAA has awarded almost 1 billion USD in funding to 99 airports in the United States to meet increased air travel demands.
CWC has completed work on Kansas City International Airport's new single terminal, which will open to passengers on 28 February.
The TSA has contracted Leidos to upgrade its Pro:Vision Advanced Imaging Technology (AIT) at airport security checkpoints.
Orlando International Airport (MCO) has purchased two new Rosenbauer Panther Aircraft Rescue and Fire Fighting (ARFF) vehicles.
San Antonio International Airport (SAT) has revealed the design renderings and a 3D model of its new terminal.
The National Aerospace Research & Technology Park (NARTP) has been awarded 2.249 million USD to advance airfield automation technologies.
Menzies is piloting Mullen electric vans and Loop charging infrastructure across its operations at Los Angeles International Airport (LAX).
Hartsfield-Jackson is continuing its Parking Deck Renewal and Replacement Project by commencing the overhaul of its North parking deck.
Sacramento International Airport in Northern California has announced five major expansion plans to help meet future passenger demands.
San Francisco International Airport (SFO) has announced plans to repave and renovate its 1L runway this spring.
The Chicago Department of Aviation (CDA) has opened the eastern extension of O'Hare International Airport's (ORD) Terminal 5.
Ford International Airport has announced the third round of Ford Launchpad for Innovative Technologies and Entrepreneurship (FLITE).
AlphaStruxure has been selected to design, construct and operate an integrated microgrid at JFK's New Terminal One.
The FAA has announced that construction is underway on a new air traffic control tower at Asheville Regional Airport (AVL) in North Carolina.
On 24 January, Nashville International Airport (BNA) welcomed its first passengers through its new Grand Lobby facility.
Los Angeles International Airport (LAX) has electrified the track at the Maintenance & Storage Facility for its APM system.
Delta Air Lines is continuing to transform its New York airport hubs, building upon an investment of over 12 billion USD in the US.
Tampa International Airport (TPA) is transforming its Main Terminal walkways to provide retail space and a new Airside D shuttle station.
Siemens Logistics is installing a new outbound baggage handling system (BHS) at Austin-Bergstrom International Airport (AUS) in Texas.
Phoenix Sky Harbor International Airport (PHX) has selected the Weitz Company to upgrade its Terminal 4 Baggage Handling System (BHS).
The Transportation Security Administration (TSA) is installing CT security scanners at Rhode Island T. F. Green International Airport.
PANYNJ has announced that Newark Liberty International Airport's (EWR) new Terminal A will commence passenger operations on 12 January.
Philadelphia International Airport (PHL) is installing facial biometric technology to assist US Customs and Border Protection.
Granite has been awarded a 174 million USD contact to construct new exit taxiways and reconstruct sections of existing runways at LAX.
Los Angeles World Airports (LAWA) has received its first heavy-duty battery-electric vehicle, which will operate at LAX.
Phoenix Sky Harbor International Airport (PHX) has opened the final stage of the PHX Sky Train extension in time for busy holiday travel.
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