皇冠官方app下载 Airport, TX, May 16, 2023
Announcement includes plans for Terminal F, renovation of Terminal C and other major capital investments
Terminal F
Terminal C Pier
Dallas Fort Worth International Airport (皇冠官方app下载) 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.
Dallas Mayor Eric L. Johnson, Fort Worth Mayor Mattie Parker, 皇冠官方app下载 CEO Sean Donohue and American Airlines CEO Robert Isom gathered at 皇冠官方app下载 today for a special signing ceremony of the Use and Lease Agreement, marking a new era of growth and innovation for the world's second-busiest airport.
“We are very proud that Fort Worth-based American Airlines has signed this important agreement to cement 皇冠官方app下载’s status as American’s main hub and help us continue to meet the incredible demand we are experiencing in North Texas,” Mayor Parker said. “Our region will become the nation’s third-largest metro region within the next 10 years, and it’s no surprise that we have the second-busiest airport in the world. Today’s agreement ensures 皇冠官方app下载 Airport is ready for the future and to continue serving as Fort Worth’s gateway to the world.”
“As a growing, international city, Dallas takes great pride in its partnerships with Dallas Fort Worth International Airport (皇冠官方app下载 Airport) and American Airlines,” Mayor Johnson said. “皇冠官方app下载 Airport connects our community to the world and fuels economic growth throughout our region and state. We all recognize that North Texas is the place to be. Signing the new Use and Lease Agreement is one step to ensure our region remains well-positioned to thrive in the future.”
"The Use and Lease Agreement not only creates a predictable and equitable business model for 皇冠官方app下载 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 皇冠官方app下载. "Our partnership with American Airlines, our largest airline, is stronger than ever. With the support of Robert Isom and the American team, we are making investments that set the stage for the airport of the future – one that prioritizes innovation, customer experience and sustainability.”
“American is proud to call North Texas home, and 皇冠官方app下载 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 皇冠官方app下载 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, 皇冠官方app下载 and the North Texas region to continue to grow for years to come. We value our longstanding relationship with 皇冠官方app下载 and are grateful to Mayor Parker, Mayor Johnson, the 皇冠官方app下载 Airport Board and Sean for their continued partnership.”
The Use and Lease Agreement is the main governing document between the airlines and the Airport and establishes the Airport’s business model. The agreement outlines 皇冠官方app下载’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 皇冠官方app下载. 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. The new agreement provides American and 皇冠官方app下载 the opportunity to work together on additional capital projects throughout the term of the lease.
The new Use and Lease Agreement replaces the 2010 agreement – which expired in 2020 and was extended during the pandemic – and maintains many of the same business arrangements as the prior version, which will provide certainty and cost predictability to support the continued growth of the airlines and 皇冠官方app下载.
About Dallas Fort Worth International Airport:
Dallas Fort Worth International Airport (皇冠官方app下载) is one of the most connected airports in the world. Centered between owner cities Dallas and Fort Worth, Texas, 皇冠官方app下载 Airport also serves as a major job generator for the North Texas region by connecting people through business and leisure travel. For more information, visit the 皇冠官方app下载 website or download the 皇冠官方app下载 Mobile App for iOS and Android devices.
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