New Yorks John F. Kennedy International Airport (JFK) is one of the largest airports in the world. In 2023, 144 million passengers traveled through the airport, a 4% increase from pre-pandemic levels and a new record for the airport. It serves as a gateway to the continental US for millions of people and a major airport for Americans to travel to the rest of the world. More than 90 airlines operate at the airport, connecting passengers to all six inhabited continents worldwide.
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Ethiopian Airlines has announced that the construction of its new $12.5 billion airport project has begun. The new facility is set to become the largest airport on the African continent and its first mega-hub, with the capacity to handle over 100 million passengers annually.With the airline’s current hub set to reach maximum capacity in the coming years, this new airport project will be funded by the airline, along with a few domestic and international credit lenders. The first phase of the airport should be operational sometime in 2030.