Amsterdam Schiphol Airport has taken full ownership of Terminal 4 at JFK in New York. It is the first time a foreign company has had control of a terminal in the US.

The airport already owned 40% of the shares and has now bought the remaining 60% for €10.1 mln. The agreement includes a provision that any future financial set-backs will have no effect on the Schiphol Group.
New York and New Jersey Port Authority financed the construction of the terminal in the 1990s and will finance the current expansion by issuing fiscally attractive shares, reports NRC. The cost of the expansion is about €935 mln.