Investcorp, a global alternative investment firm, is investing in the sponsor of the John F. Kennedy International Airport new Terminal 6 project.
JFK is New York’s main hub for international traffic. In 2022, it served 69 percent of the region’s international passengers. Due to JFK’s limited availability for new gates and congested airspace, the airport’s gate supply is expected to remain constrained over the next decade as demand increases, resulting in strong supply/demand characteristics.
The $4.2 billion airport project will replace the current Terminal 7 with improved efficiencies and experiences for passengers by connecting international and domestic flights from Terminal 5 through a new 1.2 million-square-foot terminal. The new terminal will feature 10 gates with spacious waiting areas, including more than 100,000 square feet of commercial amenities, airline lounges and two AirTrain stations. The project has garnered commitments from JetBlue, the Luftha