"Whilst I understand the reasons behind the Company's plans, I very much regret the loss of jobs and holiday flights both of which will affect people throughout the Tees Valley and beyond.
"The challenges facing the airport, which has been losing vast sums of money for several years, are well documented and it is important DTVA plays to its strengths, further developing scheduled flights and exploiting the niche markets identified.
"I hope these radical plans will provide business people and other travellers with even better facilities to help them connect to places across the world."
My Cunningham added, though, that MPs and others will be watching closely to ensure the airport delivers on their plan.
More top news
From a heroic Darlington boxing coach, to a Northumberland headteacher's cash plea and a royal visit. It's been a busy week ICYMI...
Two RNLI lifeboat crew risked their own lives by jumping into the sea at Saltburn to rescue a woman stranded in the surf.
There are a number of roadworks and closures on the A1 over the next few weeks. Here is a list to keep you one step ahead...