Air, Freight News

Leading global airport operator to manage new $2.7B Terminal 1 at EWR

[ July 19, 2019   //   ]

In a major step forward in the development of a new world-class airport, the Port Authority of New York/New Jersey (PANYNJ) has reached agreement with Munich Airport International GmbH (MAI) to operate and maintain the $2.7 billion Terminal One now under construction at Newark Liberty International Airport (EWR).

EWR Terminal One LLC, a 100-percent subsidiary of MAI, will oversee operations, maintenance and concession functions once the terminal is completed. Terminal One is replacing the outmoded Terminal A and is scheduled to be fully operational by 2022. The operator also will be making short-term customer enhancements in Terminal A until that terminal is closed.

Munich Airport, operated by MAI’s parent company Flughafen München GmbH (FMG), has been awarded the title “Europe’s Best Airport” by Skytrax, which studies and ranks airports internationally, in 12 of the past 14 years. In addition to the Newark project, MAI is involved locally with a joint venture (Reach Airports) that will manage the new Terminal One project at John F. Kennedy International Airport.