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American Airlines and British Airways to invest in JFK airport

February 07, 2019 / Airport Technology

British Airways and American Airlines have reached an agreement to invest $344m in upgrading Terminal 8 in New York’s John F Kennedy International Airport (JFK).The companies will invest the money over the next three years to prepare for the co-location in 2022.The investment forms part of broader expansion efforts that include $12bn of private funding and $1bn of funding from Port Authority of New York and New Jersey (PANYNJ).Two new terminal complexes will be added as part of the modernisation of the airport.New York Governor Andrew Cuomo said: “Only four months ago, we announced plans to transform JFK Airport into a state-of-the-art global hub, with new and unified terminals adding four million square feet and increasing the airport’s capacity by at least 15 million passengers annually.