JFK'S TERMINAL 4 AND DFS ANNOUNCE EXTENSION OF LEASE by hjy78472

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									 JFK’S TERMINAL 4 AND DFS ANNOUNCE EXTENSION OF LEASE
    FOR DUTY FREE STORES AT THE SHOPS AT TERMINAL 4

              Upgrades and Additions in Store for Duty Free Shops

NEW YORK, NY – Feb. 10, 2006 – Terminal 4 at JFK International Airport is
extending the lease for its DFS-managed duty free concessions for an additional five
years. The lease will now expire in May 2011.

The lease currently includes duty free stores both before and after security
checkpoints. As part of the extension, DFS will add a wider range of cosmetics,
liquor and packaged foods to the post-security shops and will invest in significant
upgrades and brand additions for the main pre-security store. JFK and DFS expect
all work to conclude this year.

DFS is the leading destination for international travelers seeking a luxurious
shopping experience. With locations throughout the world, DFS offers the finest in
luxury merchandise at competitive, duty free prices.

"At Terminal 4 our primary objective is to provide exceptional service and an
enjoyable travel experience for passengers,” said Janice Holden, vice president of
marketing and business development for Terminal 4. “Offering a wide variety of
outstanding duty free merchandise in an exciting and appealing shopping
environment helps to ensure that we fulfill that goal. DFS has been an excellent
partner that has contributed to the success of our mission to be the ‘Terminal of
Choice,’ and we look forward to continuing our relationship.”

"JFK’s Terminal 4 has been our partner for the past five years and we are very
pleased to continue and extend this relationship for an additional five years," said
Julian Levy, President, DFS U.S. Group. "Now we can invest in the future of these
stores in a way which will satisfy consumer needs for luxury products and, as a
result, drive more sales."

The Shops at Terminal 4 offer passengers an assortment of shops with an
innovative mix of merchandise not commonly found in airports. With more than
100,000 square feet of public access space, the equivalent of four city blocks, it is
one of the largest pre-security retail areas in any airport in the U.S. The Shops
provide the latest in fashion and a constantly changing product mix to respond to
customer demand.

The Shops at Terminal 4 include: DFS Galleria, Hudson News, Books and
Souvenirs, Christmas in New York, Fossil Watches and Accessories, The
Metropolitan Museum of Art, Ports of Call Souvenir and Accessories, DKNY,
Runway Retail including Runway Beauty, Runway Delight Gourmet, Runway
Exclusive – Hermes, Ferragamo, Zegna, Runway Fashion, Runway Toys, Runway
Voyager Leather, The Brew Store, Tie Rack, Swarovski, Silver Collection,
Spellbound Music Express, and XpresSpa.
The food establishments run by Creative Host Service include: Au Bon Pain, Bar
Avion, Caffe Ritazza, Cucina Express, KFC, McDonald's, Sam Adams Bar & Grille,
Sbarro’s, Shannon’s Bar, The Brooklyn Ale House, and Wok ‘n Roll.

About Terminal 4:
Terminal 4, the 1.5-million-square-foot facility at John F. Kennedy International
Airport opened in May 2001 and has an annual passenger volume of 6.5 million air
travelers. Terminal 4 is home to nearly 50 international and domestic carriers
representing 37 countries.

JFK IAT is the first private, non-airline consortium selected by the Port Authority of
New York & New Jersey to develop and manage an airport terminal. For information
visit www.jfkiat.com.


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