JFK's New Terminal One approves proposed lease by Port Authority of New York and New Jersey's board

Port Authority of New York and New Jersey´s board have announced it has entered into a lease agreement with The New Terminal One authorizing the design, construct, finance, operate and maintain The New Terminal One at JFK International Airport (JFK), the company said.

The Port Authority´s board authorization enables the delivery of a terminal to progress Governor Cuomo´s Vision for JFK and drive New York State´s nation-leading MWBE participation for the Project beyond USD 1 billion.

The New Terminal One is led by a coalition of airlines, labor, minority- and women-owned businesses (MWBE), and strong operating and financial partners including The Carlyle Group and CAG Holdings, JLC Infrastructure, Ullico and Reach Airports (a joint venture between Munich Airport International and CAG Holdings).

The Carlyle Group (NASDAQ: CG) is a global investment firm with industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions.

CAG Holdings is The Carlyle Group´s dedicated US-based investment platform for airport infrastructure investment opportunities globally.