United Inks $150M NJ Airport Renovation, Lease Extension

Law360, New York (April 8, 2013, 4:06 PM EDT) -- United Airlines has extended its lease at Newark Liberty International Airport an additional 20 years in a deal with the Port Authority of New York & New Jersey that allows the airline to pump $150 million into airport improvements, United announced Monday.

The airline, which is the largest in the New York metropolitan area, says it is designing a new $65 million catering facility at the airport and has already broke ground on a $35 million widebody maintenance hangar at Newark Liberty, as it continues a...
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