Carlisle City Council has granted Stobart Air planning permission to develop Carlisle Airport for a second time.
Stobart resubmitted revised plans for a scaled down project after the initial approved application was called in for a public inquiry. The logistics group must now wait to see if the reduced plans are also called in by Government for an inquiry.
Stobart plans to move its headquarters to the airport site from elsewhere in the city as well as creating freight warehouses and building a new passenger terminal to match increased services.
Simon Sjenitzer, strategy director of Cumbria Vision, said: "The development of Carlisle Airport is a major building block in Cumbria's economic future and we are delighted that Stobart Air has been given the green light."
Bob Pointing, chief executive of West Lakes Renaissance, the urban regeneration company, said: "Carlisle Airport holds huge potential for West Cumbria's future prosperity by improving the area's access to new and existing business and tourism markets."