Delta Airlines 2012 Annual Report Download - page 28

The City of Atlanta is currently implementing portions of a capital improvement program (the “CIP”) at the Atlanta airport. The CIP includes,
among other things, a 9,000 foot full-service runway that opened in May 2006, a new international terminal and gate capacity that opened in May
2012, related airfield improvements, new cargo and other support facilities and roadway and other infrastructure improvements.The CIP will not be
complete until at least 2014, with individual projects scheduled to be constructed at different times. A combination of federal grants, passenger
facility charge revenues, increased user rentals and fees and other airport funds are expected to be used to pay CIP costs directly and through the
payment of debt service on bonds. In partnership with the airlines, the airport has initiated the planning of an updated Atlanta airport master plan that
is targeted for completion in late 2013 and will define and describe the long-term development plans needed to meet future aviation demand in
Atlanta.
During the December 2010 quarter, we began a five-year $1.2 billion redevelopment project at JFK, where we currently operate domestic flights
primarily at Terminal 2 and international flights at Terminal 3 and, to a lesser extent, Terminal 4. The expansion and enhancement of Terminal 4,
which includes the construction of nine new international gates, commenced in 2011 and is expected to be open in the spring of 2013. Upon
completion of the Terminal 4 expansion, we will relocate our operations from Terminal 3 to Terminal 4, proceed with the demolition of Terminal 3
and thereafter conduct coordinated flight operations from Terminals 2 and 4. For information about special project bonds issued to fund a substantial
majority of the project and our 30 year sublease of space in Terminal 4 from the operator of Terminal 4, see Note 5 of the Notes to the Consolidated
Financial Statements.
In 2012, we expanded our flight operations at New York's LaGuardia Airport in Terminal C, allowing us to accommodate additional flights into
LaGuardia. As part of the expansion, we are investing more than $160 million to create an expanded main terminal at LaGuardia in Terminals C and
D and have built a bridge to link the two terminals.
In 2012, our wholly-owned subsidiaries, Monroe and MIPC, invested $180 million to acquire the Trainer refinery and related assets from Phillips
66. Monroe received a $30 million grant from the Commonwealth of Pennsylvania. The acquisition includes pipelines and terminal assets that allow
the refinery to supply jet fuel to our airline operations throughout the Northeastern U.S., including our New York hubs at LaGuardia and JFK.
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