O’Melveny Advises on US$4.2 Billion Deal to Develop New International Terminal 6 at John F. Kennedy International Airport
NEW YORK — O’Melveny represented a consortium consisting of Vantage Airport Group, JetBlue, American Triple I, and RXR Realty in an agreement to build, finance, and operate a new US$4.2 billion passenger terminal at New York’s John F. Kennedy International Airport (JFK).
The financial close of the deal was announced on November 17.
The terminal, to be named Terminal 6, will be built as an extension of JetBlue’s existing JFK Terminal 5 and will eventually span across the entire site now occupied by JFK Terminal 7.
JFK Millennium Partners LLC, a joint-venture project company formed by the consortium, will assume operation of Terminal 7 on December 1 and begin a multi-year demolition and construction process for the new Terminal 6.
The O’Melveny team was led by partner and co-chair of the firm’s Corporate Department Eric Richards, and partners M. Elizabeth Dubeck, Denise Raytis, and John Rousakis
It’s more than what you do: it’s how you do it. Across sectors and borders, in board rooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit us at www.omm.com, hear what our lawyers, staff, and clients have to say in Our DNA video series, or learn more in our firm at-a-glance, annual report, and on LinkedIn, Twitter, Facebook, Instagram, and YouTube.