Europe's largest travel group, TUI, has said it intends to buy the UK's West Midlands airport.
The airport will become Thomson Fly's central hub
The German group, which owns travel firm Thomson, said it expected to spend less than 10m euros (£6.7m) on the regional airport, near Coventry.
TUI said its new no-frills airline Thomson Fly would begin operations at West Midlands from 31 March.
The firm also said it planned to build a passenger terminal at the airport, which is used mostly for freight.
West Midlands airport, which it is currently owned by airline Air Atlantic, will become Thomson Fly's central hub, TUI said.
However, the purchase of the airport has still to be approved by TUI's supervisory board.