New York’s JFK makes US$1.5 billion pitch to revamp terminal

Capt. John

JOHN F Kennedy International Airport is seeking funds to help it build its New Terminal One, making it the latest facility to tap investors amid an airport bond boom, reports Bloomberg. Next week, the group behind the public-private partnership running the project will offer debt to refinance part of the US$6.6 billion bank loan taken out in 2022 for the development. In November, $1.5 billion in bonds were offered to start taking down the facility, and upsized the deal to $2 billion to meet...

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