Amazon Global Air, the company's cargo airline, plans to spend US$125 million to transform two existing buildings at the airport, according to a port authority news release. The agency will receive $157 million in rent over a 20-year lease and an upfront payment of $150 million. The lease is expected to take effect later this year.
'With this new partnership, Newark will continue to be a global leader in logistics,' said New Jersey Governor Phil Murphy, adding that it would create 1,000 jobs.
'This new e-commerce hub will provide needed revenue to the Port Authority while also bringing new jobs to our state,' he said.