In a major step forward in the development of a new world-class airport, the Port Authority has reached an agreement with EWR Terminal One LLC, a 100% subsidiary of Munich Airport International GmbH (MAI), to operate and maintain the US$2.7 billion Terminal One now under construction at Newark Liberty International Airport (EWR).
MAI will operate as EWR Terminal One LLC and oversee operations, maintenance and concession functions once the terminal is completed. Terminal One is replacing the outmoded Terminal A and is scheduled to be fully operational by 2022. The new operating company EWR Terminal One LLC also will be making short-term customer enhancements in Terminal A until that terminal is closed.
Munich Airport, operated by MAI’s parent company Flughafen München GmbH (FMG), has been awarded the title “Europe’s Best Airport” by Skytrax for the 12th time over the past 14 years. In addition to the Newark project, MAI is involved locally with a joint venture (Reach Airports) that will manage the new Terminal One project at John F. Kennedy International Airport.