News / Investment in JFK air freight infrastructure seeks to revitalise New York gateway

04/12/2017

New York’s JFK Airport is poised for a $132m investment to revive its flagging cargo business, after the governor of New York state gave his blessing to schemes to modernise freight facilities and improve aircraft access.

Under an agreement between Port Authority of New York & New Jersey and cargo property developer Aeroterm, two old warehouses at the airport will be demolished to be replaced by a modern, 346,000 sq ft cargo terminal in a $70m project.

Aeroterm is taking a 33-year ...