Air travelers in New York City can choose between LaGuardia and JFK Airport - but both locations can lead to a stressful experience. In an attempt to create a more pleasant experience, Delta plans to work with Goldman Sachs to finance a $4 billion project in LaGuardia airport.
According to the Commercial Observer, the new terminal would be completed by 2026.
"Delta is committed to continuous investment in airport infrastructure in New York and around the world, and today's lease approval brings LaGuardia closer to being the exceptional airport our New York customers deserve," Delta Chief Executive Officer Ed Bastian said in a press release.
However, Goldman Sachs withdrew its financial support of the plan - but Delta wants to proceed.
"Following a period of fiscal review, Delta has opted to directly fund and finance the costs of its LaGuardia redevelopment project, an arrangement that Delta and Goldman Sachs agree is in the best interest of both parties," Delta representatives told Reuters in a statement.
Port Authority officials, who run LaGuardia airport, see this as a positive change.