JetBlue Airways signed a 30-year lease for the new 635,000-sq.-ft., 26-gate Terminal 5 under construction at New York JFK. In a Form 8-K filed last week with the US Securities and Exchange Commission, the carrier said it will pay a minimum of $110 million in rent through 2010 and $1.23 billion thereafter. JetBlue will be responsible for construction of the terminal, set for completion in early 2009, as well as a parking garage, roadways and a light rail connector.

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