The New Terminal One at JFK
The New Terminal One at JFK is a $9.5 billion public-private partnership developing a 2.6 million-square-foot, 23-gate international terminal on the south side of JFK Airport, serving global airline tenants with all-electric ground support, biometric arrivals processing, and on-site solar and microgrid energy systems, opening in phases from 2026.
- Company typePrivate
- Founded2021
- HeadquartersJamaica, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What The New Terminal One at JFK does
The New Terminal One at JFK is a $9.5 billion public-private partnership developing the largest standalone international terminal in the United States, located on a 134-acre site on the south side of JFK International Airport in Queens, New York. Spanning 2.6 million square feet with 23 gates (22 widebody), the facility is designed for an annual throughput of up to 23 million passengers and will consolidate operations of the existing Terminal 1 and the former Terminals 2 and 3. The project is led by the Port Authority of New York and New Jersey within its broader $19 billion JFK transformation program and is scheduled to open in phases from 2026 with full completion by 2030.
The terminal's technology stack is anchored by sustainability and passenger-processing differentiators: a 12 MW rooftop solar array (over 13,000 panels, the largest onsite solar in New York City), one of the largest microgrids in the NYC area (with Schneider Electric), the world's first centralized all-electric ground support equipment fleet (with TCR), and an Enhanced Passenger Processing biometric identity verification system for international arrivals (with U.S. CBP and iProov). Operational service partners include JLL for facility maintenance, Menzies Aviation and Worldwide Flight Services for ground handling, URW Airports as exclusive commercial developer of 300,000+ square feet of concessions, Flagship Aviation for janitorial and landscaping, and Wilson James for accessibility services.
The business model combines aeronautical revenue (long-term airline gate leases, ground handling, and common-use fees from anchor carriers including Air Europa, Saudia, Ethiopian Airlines, China Eastern, and Azores Airlines) with non-aeronautical revenue (concessions commissions on retail, dining, and lounges) and infrastructure monetization (green bond debt service on $3.9B issued 2024-2025). The project is governed by CEO Jennifer Aument, supports over 10,000 jobs including 6,000+ union construction roles, and targets a 30% MWBE participation goal, 100% union labor, and net-zero emissions by 2050.
The New Terminal One at JFK firmographics
Firmographics- Name
- The New Terminal One at JFK
- Legal name
- The New Terminal One at JFK International Airport
- Website
- https://portauthoritybuilds.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The New Terminal One at JFK is a $9.5 billion public-private partnership developing a 2.6 million-square-foot, 23-gate international terminal on the south side of JFK Airport, serving global airline tenants with all-electric ground support, biometric arrivals processing, and on-site solar and microgrid energy systems, opening in phases from 2026.
- Ownership category
- akta.pro rank
The New Terminal One at JFK industry classification
Industry- Product category
- Airport Terminal Infrastructure
- NAICS
- Airport Operations (48811), Other Airport Operations (488119)
- SIC
- Airports, Flying Fields & Airport Terminal Services (4581)
- akta.pro primary industry
- Airport Terminal & Aviation Facilities Building Construction (IMAFACAL)
- akta.pro secondary industries
- Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE), Passenger Terminal Facilities Management (Cleaning, Maintenance, Utilities) (TLAHAEAK), Private Aviation Terminals & FBO Services (THABAFAH)
Keywords
Where The New Terminal One at JFK is headquartered
LocationHeadquarters
- HQ city
- Jamaica
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The New Terminal One at JFK business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Green Bond Financing: The project issued $3.9 billion in green bonds to finance sustainable infrastructure development, as part of the $9.5 billion terminal project funding.
- Terminal Operations and Airline Leases: Revenue generated through airline partnerships, gate leasing, and ground handling services provided to airline customers operating at the terminal.
- Concessions Revenue: Commercial retail, dining, and lounge spaces totaling over 300,000 square feet managed by URW Airports, providing revenue from concessions operators.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
The New Terminal One at JFK product offering
Product offeringCore offering
The New Terminal One at JFK develops, owns, and operates a 2.6-million-square-foot all-international airport terminal at John F. Kennedy International Airport, providing gate leasing, ground handling, passenger processing (including the EPP biometric system), and 300,000+ square feet of retail, dining, and lounge concessions to international airline customers. The $9.5 billion project is structured as a public-private partnership with the Port Authority of New York and New Jersey and opens in phases from 2026 with full completion by 2030.
Product overview
The New Terminal One at JFK is a single large-scale airport terminal product—the largest standalone international terminal in the nation—offering passenger processing, retail, dining, and lounge services. The terminal's technology portfolio includes the Enhanced Passenger Processing (EPP) biometric system for international arrivals and associated passenger-facing digital services. The physical product comprises the terminal infrastructure, ground support equipment fleet, and microgrid energy systems. It is not a modular software platform but a unified airport facility with integrated technology components.
Differentiator
Problem solved
Functional benefit
Products and services
- The New Terminal One at JFK A $9.5 billion, 2.6-million-square-foot all-international airport terminal at JFK Airport, offering 23 gates (22 widebody), over 300,000 square feet of retail, dining, and lounge space, the largest rooftop solar array in New York City, and an all-electric ground support equipment fleet. Built as a public-private partnership with the Port Authority of New York and New Jersey, the terminal serves international airline tenants and their passengers.
- Enhanced Passenger Processing (EPP) Biometric System Next-generation biometric identity verification system for international arrivals, powered by iProov's Dynamic Liveness technology. Enables real-time facial recognition verification for eligible U.S. citizens arriving on international flights without pre-enrollment, reducing CBP inspection wait times.
- Terminal Concessions Program Over 300,000 square feet of commercial retail, dining, and lounge space within the new terminal, managed by URW Airports as the exclusive commercial developer. Includes dedicated technical assistance programs for Airport Certified Disadvantaged Business Enterprises (ACDBEs) and Local Business Enterprises (LBEs).
- Ground Handling Services Above-wing and below-wing ground handling services for the all-international terminal, delivered by licensed providers Menzies Aviation and Worldwide Flight Services. Services are aligned with the terminal's net-zero emissions commitment and operate in coordination with the all-electric ground support equipment fleet.
Quantifiable outcome
- 30% MWBE participation goal in project development
- +3 more outcomes
Companies that use The New Terminal One at JFK
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles2 records
The New Terminal One at JFK technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature4 records
The New Terminal One at JFK partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered major and core.
- Schneider ElectricmajorProviding equipment and advisory support through its global consulting practice for the innovative microgrid energy system and sustainable airport infrastructure.
- Air EuropacoreWill relocate New York operations to New Terminal One when international terminal opens in 2026. Currently operates daily nonstop service between JFK and Madrid-Barajas Airport as SkyTeam alliance member.
- SaudiacoreNational flag carrier of Saudi Arabia will relocate from existing Terminal 1 to New Terminal One in 2026. Move provides expanded capacity, prime arrival/departure slots, new flight timings, and increased frequencies on Jeddah-New York route.
- Wilson JamesmajorSelected as dedicated partner to design and operate comprehensive Passengers Requiring Assistance (PRA) services including managing assistance requests, operating dedicated lounges and sensory room, expected to create approximately 130 local jobs.
- Ethiopian AirlinescoreStrategic partnership to transition New York operations from Terminal 7 to New Terminal One in 2026. Will offer service from New York to Addis Ababa hub providing connectivity across Africa, Middle East, and Asia.
- iProovcoreBiometric technology provider supplying Dynamic Liveness solution for Enhanced Passenger Processing at international arrivals. iProov's technology enables real-time facial recognition verification without pre-enrollment.
- U.S. Customs and Border Protection (CBP)corePartnership to launch Enhanced Passenger Processing (EPP), a next-generation biometric identity verification system for international arrivals. The system enables real-time identity confirmation for eligible U.S. citizens, allowing efficient processing through CBP inspections while reducing wait times.
- Azores AirlinesmajorPart of SATA Group, will join New Terminal One as new partner offering nonstop flights between JFK and Ponta Delgada, Portugal. Partnership supports expansion of JFK's international services.
- JLLcoreGlobal real estate and facility management company selected to deliver comprehensive facility maintenance services including HVAC, plumbing, electrical, fire life safety, building management systems, and electric power monitoring for the all-electric ground support equipment fleet charging stations.
- URW AirportscoreExclusive commercial developer and manager of New Terminal One commercial program. Committed to lowering barriers to entry and providing technical assistance to Airport Certified Disadvantaged Business Enterprises (ACDBEs) and Local Business Enterprises (LBEs) for food, beverage, retail, and product placement.
- Flagship Aviation ServicesmajorSelected to provide janitorial, pest management, and landscaping services for terminal operations.
- Menzies AviationcoreSelected to provide both above-wing and below-wing ground handling services following comprehensive competitive procurement with significant involvement from partner airlines. Services aligned with net-zero emissions commitment.
- Worldwide Flight Services (WFS)coreSelected to provide ground handling services for the all-international terminal. Both Menzies and WFS will receive operational licenses enabling direct contracting with airlines operating at the terminal.
- China Eastern AirlinescoreStrategic partnership to operate nonstop service between Shanghai and New York from the new terminal opening in 2026. Based in Shanghai, joining other international airlines as part of $19 billion transformation.
- TCRcoreGround support equipment provider selected to outfit the terminal with world's first centralized all-electric ground service fleet including aircraft towing vehicles, passenger boarding stairs, refueling trucks, cargo handling equipment, and baggage loaders.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
The New Terminal One at JFK competitors and assessment
Company assessmentDirect peers
- LaGuardia Gateway Partners: Public-private partnership that redeveloped LaGuardia Airport Terminal B under a 35-year lease with the Port Authority of NY & NJ. Same parent agency, same NYC metro market, same PPP structure with airline and concession partners — most direct comparable to NTO's operating model.
- JFKIAT (JFK International Air Terminal): Operator of JFK Terminal 4 under long-term lease with Port Authority, handling many of the same international carriers (including SkyTeam members like Delta, Air France, KLM). Direct competitor at JFK for international airline customers and the airline partnership pipeline that NTO is also targeting.
- Newark Liberty Terminal A Operator (PANYNJ): Recently completed new Terminal A at Newark Liberty International Airport opened 2023, also led by Port Authority as part of $40B regional transformation. Competes with NTO for international airline tenants and connecting traffic in the same NYC metro catchment area.
Broad incumbents
- Fraport AG: Global airport operator managing Frankfurt Airport and holding stakes in numerous international terminals including Terminal 1 operations and ground services. Comparable to NTO in operating large international terminals with airline gate leasing, concessions revenue, and ground handling integration (Menzies/WFS analog).
- Aéroports de Paris (Groupe ADP): Operator of Paris Charles de Gaulle and Orly airports, operates international terminal infrastructure with airline partnerships, retail concessions, and sustainability programs (net-zero by 2030). Comparable to NTO's combination of terminal operations, concessions, and sustainability positioning.
- Schiphol Group: Operator of Amsterdam Airport Schiphol, one of Europe's largest international hubs with airline partnership model, extensive retail concessions, and major sustainability programs (electric ground support equipment adoption). Comparable operating model and international traffic focus.
- Incheon International Airport Corporation: South Korean operator of Incheon International Airport Terminals 1 and 2, frequently ranked among the world's best airports. Operates large international terminal with airline tenant model, retail concessions, and biometric passenger processing — directly comparable to NTO's technology and operational positioning.
- Heathrow Airport Holdings: Operator of London Heathrow, the largest international hub in Europe with extensive airline partnerships, retail concessions (Heathrow is the UK's largest retail center), and ongoing sustainability investment. Comparable scale of international terminal operations and per-passenger revenue economics.
Others
- TCR Group: Selected ground support equipment provider for NTO's world-first centralized all-electric GSE fleet. As NTO's technology partner (announced Feb 2025), TCR is an enabling partner whose electric GSE rollout at NTO is a leading indicator for the broader aviation GSE electrification market.
- iProov: Biometric technology provider for NTO's Enhanced Passenger Processing (EPP) system in partnership with CBP (announced Feb 2026). As the technology supplier enabling NTO's passenger processing innovation, iProov is an enabling partner whose commercial success with NTO could drive broader biometric aviation adoption.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The New Terminal One at JFK social profiles
Digital presenceThe New Terminal One at JFK financial estimates
Financial estimateRevenue estimate
Valuation estimate
The New Terminal One at JFK leadership team
Management profileNumber of profiles
Profiles1 record
The New Terminal One at JFK funding detail
Funding detailFunding overview
Funding rounds
Investors
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The New Terminal One at JFK M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about The New Terminal One at JFK
What does The New Terminal One at JFK do?
The New Terminal One at JFK develops, owns, and operates a 2.6-million-square-foot all-international airport terminal at John F. Kennedy International Airport, providing gate leasing, ground handling, passenger processing (including the EPP biometric system), and 300,000+ square feet of retail, dining, and lounge concessions to international airline customers. The $9.5 billion project is structured as a public-private partnership with the Port Authority of New York and New Jersey and opens in phases from 2026 with full completion by 2030.
Is The New Terminal One at JFK a public or private company?
The New Terminal One at JFK is a private company. It is classified as state government owned and is currently operating.
When was The New Terminal One at JFK founded?
The New Terminal One at JFK was founded in 2021. It employs 51 to 100 people.
Where is The New Terminal One at JFK based?
The New Terminal One at JFK is headquartered in Jamaica, United States, in the North America region.
How does The New Terminal One at JFK make money?
Three revenue lines are on record. Green Bond Financing is the primary driver. The others are terminal Operations and Airline Leases and concessions Revenue.
Who are The New Terminal One at JFK's main competitors?
Direct peers on record are LaGuardia Gateway Partners, JFKIAT (JFK International Air Terminal) and Newark Liberty Terminal A Operator (PANYNJ). Broad incumbents are Fraport AG, Aéroports de Paris (Groupe ADP), Schiphol Group, Incheon International Airport Corporation and Heathrow Airport Holdings. Others are TCR Group and iProov.
Does The New Terminal One at JFK have an API?
No public API is recorded for The New Terminal One at JFK.
What industry is The New Terminal One at JFK in?
The New Terminal One at JFK's product category is Airport Terminal Infrastructure. Its primary akta.pro industry code is IMAFACAL, Airport Terminal & Aviation Facilities Building Construction, with a secondary code of BPAIALAE, Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access). Its NAICS code is 48811 and its SIC code is 4581.