Teesside International Airport is to change its name to Durham-Tees Valley airport.
Teesside Airport opened in 1964
Representatives from the six local authorities which hold a share in the airport voted for the change at a meeting on Wednesday morning.
Redcar and Cleveland council was the only authority to vote against the name, saying that simply 'Durham Airport' would be more suitable.
Major airlines, including BMI, KLM and Ryanair have previously welcomed the proposals.
Brian Dinsdale the chief executive of Middlesbrough Council called it an "important step forward" for the area.
Hugh Laing, managing director of Teesside International airport, also welcomed the move as a vital step in the creation of an new identity for the airport.
He said: "Gone are the days when an airline is simply taking people out of an area - when that happens you are simply taking money out of the local economy.
"The future is about bringing additional people into areas.
"A lot of these airlines - like BMI Baby, Ryanair etc - require inbound travel to make a profit.
"It is not about what is wrong for the past, it is about what is wrong for the future."
The six Teesside councils - Darlington, Redcar and Cleveland, Middlesbrough, Durham, Hartlepool and Stockton - all have a share in the airport.