O’Melveny Advises on US$4.2 Billion Deal to Develop New International Terminal 6 at John F. Kennedy International Airport11月 18, 2022
FOR IMMEDIATE RELEASE
NEW YORK—November 18, 2022—O’Melveny represented a consortium consisting of Vantage Airport Group, JetBlue, American Triple I, and RXR Realty in an agreement to build, finance, and operate a new US$4.2 billion passenger terminal at New York’s John F. Kennedy International Airport (JFK).
The financial close of the deal was announced on November 17.
The terminal, to be named Terminal 6, will be built as an extension of JetBlue’s existing JFK Terminal 5 and will eventually span across the entire site now occupied by JFK Terminal 7.
JFK Millennium Partners LLC, a joint-venture project company formed by the consortium, will assume operation of Terminal 7 on December 1 and begin a multi-year demolition and construction process for the new Terminal 6.
The O’Melveny team was led by partner and co-chair of the firm’s Corporate Department Eric Richards, and partners M. Elizabeth Dubeck, Denise Raytis, and John Rousakis
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