PANYNJ’s JFK Airport Terminal 4 Expansion

Orrick advised PANYNJ on the deal.

The Port Authority of New York and New Jersey (PANYNJ) announced the $1.5 billion Terminal 4 expansion project at John F. Kennedy International Airport (JFK). Financed by private capital, the agreement with Delta Airlines and JFK International Air Terminal (JFKIAT) includes plans to expand and renovate Terminal 4 as part of the overall transformation of JFK Airport into a 21st century global gateway.

The project will increase the capacity of the airport by adding 150,000 ft2 of new gate areas, seating and general space and 10 new aircraft parking positions to JFK’s largest terminal. Project completion is expected in summer 2023. The redevelopment will play a critical role in driving job creation and contracting opportunities for local businesses and serve as a catalyst for economic recovery after the pandemic. The modernization plan was initially authorized in February 2020, but was revised due to the severe impact of the COVID-19 pandemic on air travel. 

The Orrick team was led by Young Lee (Picture) and included Victoria Boyne, John Grant, Helen Pennock, Robert Lawrence, Sue Cowell and Dan Eliades.

 

Involved fees earner: Victoria Boyne – Orrick Herrington & Sutcliffe LLP; Sue Cowell – Orrick Herrington & Sutcliffe LLP; Dan Eliades – Orrick Herrington & Sutcliffe LLP; John Grant – Orrick Herrington & Sutcliffe LLP; Robert Lawrence – Orrick Herrington & Sutcliffe LLP; Young Lee – Orrick Herrington & Sutcliffe LLP; Helen Pennock – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Port Authority of New York and New Jersey;

Martina Bellini

Author: Martina Bellini