JetBlue wins preliminary approval for $1bn Boston Logan Terminal C rebuild
JetBlue has received preliminary approval from the Massachusetts Port Authority for a roughly $1 billion overhaul of Terminal C at Boston Logan International Airport, funded through private capital rather than municipal taxes.
JetBlue Airways has preliminary approval from the Massachusetts Port Authority to rebuild Terminal C at Boston Logan International Airport. The project is valued at about $1 billion.
The airline would finance the work through private capital, not municipal tax revenue or the balance sheets of the large network carriers that dominate hub airports.
Boston Logan is a focus city for JetBlue, which does not operate the kind of fortress hub held by the major legacy airlines. Under the arrangement, the carrier takes the lead on the terminal overhaul itself.
Sources
- simpleflying.comHow JetBlue Secured Fortress-Hub-Level Private Capital For A $1 Billion Boston Logan Rebuild