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

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.