New Terminal Planned for DFW Airport
Add Dallas/Fort Worth International Airport to the growing list of flight facilities growing by leaps and bounds. DFW and American Airlines have announced plans to develop a sixth terminal; in total, the airport is preparing to invest $3 billion to $3.5 billion in improvements, including the construction of Terminal F, which will have space for up to 24 gates, and enhancements to Terminal C.
Design work for the new facility will begin immediately. DFW and American finalized the details as part of a new lease agreement with airlines currently being negotiated. The funds are expected to come from bonds that will be repaid through carrier rates and charges over the life of the bonds.
"[This] sets the stage for DFW Airport's next 50 years," said Sean Donohue, CEO of the airport, in a statement. "The new Terminal F and the expansion that could follow will provide the region with the growth it needs to compete with international business centers. The airport is growing faster than ever, and it needs to keep pace with the Dallas/Fort Worth economy to provide jobs and connections for businesses and families."
"This is an exciting day for American and our more than 31,000 team members who call Dallas/Fort Worth home," added American Airlines chairman and CEO Doug Parker. "DFW is American's largest hub and a central gateway to our extensive international and domestic network. The plans we're announcing will allow for the continued growth of DFW and ensure the airport remains a premier gateway for American for many more years to come."
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