JetBlue Secures Private Capital for $1B Boston Logan Terminal C Rebuild

JetBlue Airways has secured preliminary approval from the Massachusetts Port Authority to overhaul Terminal C at Boston Logan International Airport in a $1 billion project. The carrier, a mid‑size airline that does not operate a fortress‑hub, is doing so without placing the cost on municipal tax rolls or relying on the balance sheets of legacy network carriers. Instead, JetBlue is using a private‑capital structure that allows it to take control of its main focus city while redefining how airport infrastructure is financed. The move is notable because mid‑size carriers typically do not underwrite such large‑scale terminal rebuilds, and it signals a new model for funding airport upgrades that could influence future projects across the United States.