JFK Airport Terminal 6 builder/manager says $4.3 billion project could withstand economic turbulence after it navigated the COVID-19 travel lockdown
Although the current holiday travel season marks the busiest since 2019, the lessons from the COVID-19 travel slowdown remain fresh to developers of the new JFK Airport’s $4.3 billion Terminal 6 Project.
Corsair is the only example of a developer combined with an equity provider in major infrastructure projects such as LaGuardia Terminal B and JFK Terminal 6, the firm said. As sponsor of the $5 billion LaGuardia Airport Terminal B Project completed earlier this year, Rajan said Corsair Capital’s approach helped it manage through the unexpected travel lockdown in 2020 when air traffic suddenly nearly vanished.
Because aeronautical revenue is not dependent on how full the planes are, it creates some stability in the revenue stream even when you have big hits on the food, beverage and retail side from lower foot traffic, Rajan said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer journalist Grant Wahl's body arrives at New York's JFK AirportThe body of soccer journalist Grant Wahl is back in the United States.
Read more »
Bad weather delays fuel from reaching Orlando’s airportAirport officials on Sunday reassured visitors that contingency plans are in place.
Read more »
272,000 Subaru Ascents Will Soon Be Descending On Dealers In Fire Risk Recall | CarscoopsBrand is recalling almost 290,000 SUVs to check earth terminal on Positive Temperature Coefficient (PTC) heater
Read more »
United expects to add nearly 2,000 jobs at Houston's IAH airport as part of global expansionThe Chicago-based airline said Tuesday it has placed an order for 100 of Boeing’s 787...
Read more »
United buys lots of big jets that will bring more jobs to Newark airportUnited Airlines officials announced the purchase of 100 Boeing widebody 787 Dreamliner aircraft to replace old planes, save fuel and add passenger capacity.
Read more »