by Tiana May
21 Nov 2022
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.
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.
Clayco has been awarded the design-build contract for the East Terminal Expansion project at Fort Wayne International Airport in Indiana.
Phoenix Sky Harbor International Airport (PHX) has become the first airport globally to offer a driverless Waymo autonomous vehicle service.
Hartsfield-Jackson Atlanta International Airport (ATL) has opened its Concourse T-North Extension in time for holiday travel.
Leidos will upgrade the US TSA security checkpoints at Hartsfield-Jackson Atlanta International Airport (ATL).
PANYNJ has issued a Request for Qualifications (RFQ) to replace the AirTrain Newark with a new 2.5-mile elevated guideway train system.
The final element of structural steel for Los Angeles International Airport's (LAX) Automated People Mover (APM) has been successfully placed.
The FAA has selected Stantec to provide design services for a new air traffic control tower at Ted Stevens Anchorage International Airport.
Alaska Airlines has become the first airline in the US to launch an electronic bag tag programme for its passengers.
Governor Kathy Hochul, PANYNJ, American Airlines and British Airways have opened the expanded Terminal 8 at JFK Airport.
The FAA has celebrated the completion of 3.3 million-square-foot de-icing pad at Memphis International Airport.
Ottonomy is testing autonomous delivery vehicles at Pittsburgh International Airport (PIT) as part of a pilot with xBridge innovation hub.
Long Beach Airport (LGB) has purchased a new Oshkosh Striker 6X6 Aircraft Rescue Fire Fighting (ARFF) vehicle.
Neste has delivered over 500,000 gallons of Neste MY Sustainable Aviation Fuel (SAF) to Los Angeles International Airport (LAX).
The FAA has completed the environmental review for the Terminal Area Plan at Chicago O'Hare International Airport.
The Transportation Security Administration (TSA) is now deploying CAT-2 scanners at Denver International Airport (DEN).
Denver International Airport (DEN) has commenced construction on the second new security checkpoint on Level 6 of the Jeppesen Terminal.
The FAA has dedicated the newest air traffic control tower in the US at Piedmont Triad International Airport (GSO) in North Carolina.
The new Terminal A has officially opened at Newark Liberty International Airport, concluding the largest design-build project in New Jersey.
The Dulles Metrorail Station has opened at Washington Dulles International Airport, completing the Silver Line construction project.
Austin-Bergstrom International Airport (AUS), Whiting-Turner and Siemens Logistics have started installing a new baggage handling system.
Denver International Airport (DEN) and United Airlines have celebrated the completion of the airport's Gate Expansion Program.
ZOOZ Power has signed a binding MoU with a car rental services provider to pilot ultra-fast charging at LaGuardia Airport, New York.
Leidos has installed its first Terminal Flight Data Manager (TFDM) system at Cleveland Hopkins International Airport (CLE) in Ohio.
Los Angeles International Airport (LAX) has opened its new Terminal 4.5 Core as part of a 1.62 billion USD transformation project.
Phoenix Sky Harbor International Airport (PHX) has become the first airport globally to offer autonomous Waymo rides to and from the airport.
New York State has announced 50 million USD in funding to modernise operations, safety enhancements and environmental resilience at airports.
Seattle-Tacoma International Airport (SEA) will advance its SEA Gateway and S Concourse Evolution projects as part of ongoing modernisation.
Arup has been selected by the PANYNJ to oversee a 'vision plan' for the future redevelopment of Newark Liberty International Airport.
Ontario International Airport (ONT) has launched ONT+, a new programme that allows non-travellers to access post-security areas.
The TSA is debuting a compact RFF-CT security system at Harry Reid International Airport in Las Vegas (LAS).
PANYNJ and Navya are deploying two autonomous shuttles at the JFK Aqueduct Parking Lot during a 3-day platooning demonstration.
Maryland Board of Public Works has approved a 332 million USD terminal improvement project at Baltimore/Washington Airport (BWI).
The Federal Aviation Administration (FAA) has awarded more than 31 million USD to expand cargo infrastructure at nine airports in the US.
Delta Air Lines has partnered with Joby Aviation to deliver a home-to-airport eVTOL transportation service to Delta customers.
Burlington International Airport (BTV) has installed a new TSA security checkpoint as part of its $19m Terminal Integration Project.
Aeroterm has selected Lödige Industries to automate the cargo system at John F. Kennedy International Airport‘s (JFK) new facility.
The FAA has signed a Letter of Intent to award San Diego International Airport (SAN) with 110 million USD for its T1 airfield improvements.
Delta Air Lines and LAWA have completed a major phase of the Delta Sky Way project at Los Angeles International Airport (LAX) Terminal 3.
Dallas Fort Worth International Airport (DFW) has ordered 22 CNG-powered buses and four Axess EVO-BE battery-electric buses from ENC.
Oakland International Airport (OAK) has celebrated the completion of its 30 million USD Taxiway Victor and Bravo Rehabilitation Project.
AlgenAir has installed its aerium Living Technology system at Pittsburgh International Airport to use algae to improve air quality.
John F. Kennedy International Airport (JFK) Terminal 4 has become the first pre-existing terminal in the US to be certified as LEED Platinum.
Charlotte Douglas International Airport (CLT) has commenced construction on its roadway canopy, part of the Terminal Lobby Expansion project.
On 20 September 2022, passenger flights commenced from Orlando International Airport’s (MCO) new 2.8 billion USD Terminal C.
Dallas Fort Worth International Airport (DFW) has become the first airport to order ADB SAFEGATE’s latest visual docking guidance system.
Work is now underway on the SEPTA Platform Rehabilitation project at Philadelphia International Airport (PHL).
As international travel resumes, US airports are under mounting pressure to adopt a US biometric exit solution.
San José International Airport (SJC) has upgraded to SJCE's TotalGreen service to power its buildings with 100 percent renewable energy.
Tampa International Airport (TPA) has received approval to start Phase 3 of its Master Plan, enabling the construction the Airside D terminal.
Construction has started on John F. Kennedy International Airport's (JFK) 9.5 billion USD New Terminal One.
The TSA is testing technology to detect, track and identify (DTI) drones entering restricted air space around LAX.
Chicago O'Hare (ORD) has completed construction work in the arrivals section of its main terminals and has opened its Main Parking Garage.
San Francisco International Airport (SFO), SFO FUEL and Burns & McDonnell have opened a modernised jet fuel storage facility at SFO.
Houston Airports has awarded the retail and concessions contracts for George Bush Airport's (IAH) new international terminal.
A&K Robotics, is trialling its autonomous robot pods at Hartsfield-Jackson Atlanta International Airport (ATL).
Aemetis will supply International Airlines Group (IAG) with sustainable aviation fuel (SAF) for flights from San Francisco Airport (SFO).
Endera has delivered its fully electric shuttles to Phoenix Sky Harbor International Airport (PHX) for use by ACE Parking.
Alliance Ground International (AGI) has acquired Airport Terminal Services (ATS) as part of its ongoing growth strategy.
PANYNJ and Clear Channel Airports are deploying new digital media infrastructure at the region's airports, including LGA's new Terminal C.
Nashville International Airport (BNA) has unveiled its new monument to welcome passengers and celebrate the airport's ongoing success.
LAWA has placed the final structural steel beam for Los Angeles International Airport's (LAX) Automated People Mover (APM) stations.
Tampa International Airport (TPA) has launched a new rental service to provide baby equipment for families travelling with young children.
LAX has unveiled the first Automated People Mover (APM) train car that will transform how passengers travel to and from the airport.
Oakland International Airport (OAK) has purchased five BYD electric buses to shuttle passengers between its parking facilities.
Dallas Fort Worth International Airport (DFW) has become the first airport to install Pluie's self-sanitising baby changing tables.
PANYNJ and LaGuardia Gateway Partners have announced that the final elements of LaGuardia Airport’s Terminal B have now opened.
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