Dallas Airport and American Airlines sign agreement for new terminal construction
Dallas Fort Worth International Airport (DFW) and American Airlines today signed a new 10-year Use and Lease Agreement, which includes $4.8 billion in pre-approved capital investments – including the construction of Terminal F, the renovation of Terminal C and other significant modernization projects.
“The Use and Lease Agreement not only creates a predictable and equitable business model for DFW Airport, but it also underscores the commitment of the airport and our airline partners to provide passengers with the best possible travel experience,” said Sean Donohue, CEO of DFW.
“American is proud to call North Texas home, and DFW is our largest hub and a central gateway to our extensive international and domestic network,” said American’s CEO Robert Isom. “American has led the growth that has propelled DFW to become the second busiest airport in the world and we are thrilled to have finalized a new lease agreement and capital plan that sets the stage for American, DFW and the North Texas region to continue to grow for years to come”.
The agreement outlines DFW’s major capital projects over the next 10 years. These projects include:
– An estimated $2.72 billion for the expansion of the Central Terminal Area, including a major reimagining of Terminal C, “pier” expansions off Terminal A and Terminal C, and significant upgrades to roadways and terminal access.
– An estimated $1.63 billion for the construction of a new Terminal F, featuring a 15-gate concourse. Terminal F will provide state-of-the-art facilities and amenities, including modernized baggage handling, expanded concessions and additional passenger gates to accommodate the growing demand for air travel.
The terminal expansions will deliver 24 additional gates to prepare American and other airlines for long-term growth at DFW. At the completion of construction, American will add new gates that are constructed in the Terminal A and Terminal C piers projects to its operating portfolio. The projects will also allow American to expand operations in existing terminals to maximize its operational capability and enhance the experience for connecting customers.
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