American Airlines &DFW Airport Seal the Deal on a 10-Year Lease Agreement

A new 10-year Use and Lease Agreement between American Airlines and Dallas Fort Worth International Airport (DFW) has been signed. It includes $4.8 billion in pre-approved capital investments that will be used to build Terminal F, renovate Terminal C, build gate expansions at Terminals A and C, among other significant modernization initiatives.

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The key contract that governs relations between airlines and the airport and determines the airport’s commercial strategy is the Use and Lease Agreement. The agreement specifies significant capital projects for the next ten years. The most important projects include:

• An estimated $2.72 billion for the expansion of the Central Terminal Area, including a major reimagining of Terminal C, gate expansions extending from 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.

The terminal upgrades will add 24 new gates, positioning American and DFW for long-term expansion. American will expand its operational portfolio with new gates in the Terminal A and Terminal C piers after the project is finished.

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In order to maximize its operating capacity and improve the experience for connecting customers, American will also be able to extend operations in existing terminals in part of the initiatives. Through the duration of the lease, the new arrangement will enable American and DFW to collaborate on additional capital projects.

America is not only a massive economic engine to the Dallas-Fort Worth region but throughout the state of Texas. American’s total economic impact to Texas is more than $42.7 billion annually, and the airline employs more than 36,000 team members across the state. Additionally, America’s operation in Texas contributes to a total employment impact of more than 365,000 jobs in the state.