The airport at Southend in Essex is being offered for sale.
A new owner could help with the expansion of the airport
Its owner, Regional Airports Limited (RAL), has put it up for sale saying it is looking for someone who can help develop and expand it.
The news comes just four days after permission was granted for a new railway station to be built there.
Andrew Walters, chief executive of RAL, said Southend Airport "has a great future ahead of it" and has seen an increase in passenger numbers.
"We have already invested a great deal in the airport's infrastructure and have secured approval for exciting development plans," he said.
"What is required now is for an owner with the required resources and expertise to realise fully the potential that we know is there."
By 2015 Southend could be handling as many as 40 flights a day by 75-80 seater planes.
The government has already said it would support expansion at Southend subject to relevant environmental considerations.