Doncaster Airport, which closed 16 months ago, is set to reopen as part of a rescue plan by the city council.
City of Doncaster Council has signed a 125-year lease to take over the former Doncaster Sheffield Airport (DSA).
The announcement follows over a year of negotiations with landowners the Peel Group.
Mayor of Doncaster Ros Jones said: ‘I was determined to find a way to secure the future of aviation in Doncaster and this agreement helps us along the way to reopening our airport and seeing planes taking off once again.
‘This is a major step in the reopening process. The next is appointing an operator and investor who will manage and develop the airport. This process is well underway and I am optimistic that I can announce a partnership later in the spring.’