American Airlines, British Airways to invest $344M at JFK

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An investment by American Airlines and British Airways is part of a $13 billion plan to overhaul Kennedy Airport. Rendering courtesy of Port Authority of New York and New Jersey.

An investment by American Airlines and British Airways is part of a $13 billion plan to overhaul Kennedy Airport. Rendering courtesy of Port Authority of New York and New Jersey.

The Associated Press

New York Gov. Andrew Cuomo announced that American Airlines and British Airways will invest $344 million in John F. Kennedy Airport to expand and improve Terminal 8 as part of an effort to modernize the airport.

Cuomo said the expansion of Terminal 8 will feature new premium lounges, enhanced baggage and upgraded concessions.

In October, Cuomo announced a seven-year, $13 billion project to transform the airport from an aging facility into a world-class air travel hub featuring two new international terminals, centralized ground transportation and better roadways.

British Airways Chairman and CEO Alex Cruz said the company looks forward to building a world-class trans-Atlantic travel experience in their new home in Terminal 8.

American Airlines President Robert Isom called it a "win-win" for both customers and airlines.