New York (December 7, 2005) -- JetBlue Airways Corp. (Nasdaq: JBLU) today revealed its design plans for Terminal 5 at John F. Kennedy International Airport in the low-fare airline’s hometown of New York. The project is the largest infrastructure investment undertaken by JetBlue since the airline began flying in February 2000, and will more than double the airline’s JFK capacity by 2009.
JetBlue currently operates approximately 100 flights a day out of 14 gates from JFK’s Terminal 6. When the Terminal 5 construction project is completed by 2009, the low-fare airline will have 26 gates, capable of up to 250 daily flights.
“New York and JFK are the heart of our operation, and with our new terminal, we will be able to offer more flights and low fares,” said JetBlue’s CEO David Neeleman. “Our new terminal is designed around the great JetBlue experience customers have come to expect from us, including efficient online- and in-person check in, and friendly service. Our goal from the beginning was to bring humanity back to air travel, and Terminal 5 will showcase the best of JetBlue.”
“The Port Authority of New York and New Jersey made this project possible,” said Dave Barger, president of JetBlue Airways. “We share a vision for the future that includes making air travel affordable for more people, and making the experience of travel pleasant again. On behalf of JetBlue’s crewmembers, I extend my personal thanks to all of our business partners for their dedication to this project.”
Highlights of the project include:
$875 million budget; $80 million funded by JetBlue Three year project New 635,000 square foot terminal designed around the customer’s airport experience 26 gates capable of up to 250 daily flights Capacity for 20 million customers per year Connection to the historic Eero Saarinen terminal A 1,500-space parking garage A 30-year lease with the Port Authority of New York and New Jersey
New York Governor George E. Pataki said, “The rise of this terminal ushers in a new era for Kennedy Airport, and builds on JFK’s great legacy as the nation’s premier international gateway. With our investment in this new facility, we ensure a future of continued economic strength, and provide New Yorkers with unbridled access to more flights serving more destinations - including upstate New York - than anywhere else in the world. It’s a great day for the Port Authority, for Kennedy Airport and for JetBlue Airways, but most of all, it’s a great day for New York and New Yorkers.”
"JetBlue's continued growth is further evidence that New York City is a prime location for airlines to locate and grow," said Mayor Michael Bloomberg. "The New York City-based airline began operations in 2000 with service from JFK to Fort Lauderdale. Today, JetBlue flies to 32 cities and employs more than 4,000 people at JFK alone. Diversifying the economy is one of our key economic development strategies, and JetBlue's expansion is the latest sign that the airline industry can be a growth sector in New York City. The new, state-of the-art terminal and increased service into and out of New York City is the latest improvement to JFK, and will help secure the City's position as the world's greatest place to visit and do business."
Port Authority Executive Director Kenneth J. Ringler Jr. said, “We have enjoyed robust growth in air passenger traffic at JFK, Newark and LaGuardia airports in the last several years. At Kennedy Airport, passenger traffic has increased more than 20 percent from 2002 to 2004, to more than 37.5 million travelers last year. For 2005, we are projecting nearly 41 million passengers at JFK - an all-time high. This tremendous growth makes it imperative that we and our partners in government and private industry continue to make improvements such as this new terminal that will give our customers the best possible airport experience and enable our region to enjoy sustained economic health. We wish JetBlue great success as together we write a new chapter in Kennedy Airport’s history.”
The 635,000-sf terminal will have 26 gates and capacity to serve 20 million customers a year.
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