Macquarie Infrastructure has been selected to operate Westchester Airport in the US as part of a $1.1bn public-private partnership.

Westchester County Executive Robert Astorino said that Macquarie was selected following evaluation by a bi-partisan task force made up of members of the Astorino administration and the Board of Legislators based on three proposals received in April.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The proposals were meant to manage, operate, maintain and improve the airport in accordance with an FAA programme.

Astorino said: “The goal from the start has been a better, not bigger airport.

“This proposal does just that: private investment capital – not taxpayer dollars – will improve the passenger experience, implement new environmental safeguards, and preserve the character of the neighborhood, all while creating a long-term revenue stream to help pay for county programmes.”

“The goal from the start has been a better, not bigger airport.”

HPN Aviation Group ranked second, and FerroStar Westchester Airport Partners was placed third.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The winning proposal by Macquarie will net the county $1.145bn over the course of a 40-year lease.

The lease is ‘as-is / no expansion, which means the existing terminal footprint of the airport will not expand; there can be no runway expansions; the number of gates remains at six; and the cap of 240 passengers per half hour will remain in place.

Under the lease, Westchester county will receive more than $300m up front, which includes lease payments, money transferred to the general fund from county money locked at the airport and various reimbursements.

Transportation and financial consulting firm Frasca & Associates carried out the selection process.