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RXR Realty, Vantage Airport Group tapped by JetBlue for proposed JFK expansion

JetBlue, which currently operates out of Kennedy Airport's

JetBlue, which currently operates out of Kennedy Airport's Terminal 5, in an undated photo.   Credit: Getty Images / Andrew Burton

JetBlue Airways Corp. has selected Vantage Airport Group and RXR Realty LLC to lead its proposed multibillion-dollar terminal expansion at Kennedy Airport.

According to The Wall Street Journal, JetBlue's planned expansion would cost between $2 billion and $3 billion.

The airline currently operates out of Kennedy Airport 's Terminal 5, which has 29 narrow-body gates.

JetBlue's chief financial officer, Steve Priest, says the expansion could add 12 larger gates to accommodate wide-body planes.

JetBlue is in talks with the Port Authority of New York and New Jersey about whether and when the development can proceed.

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