"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
Spells of rain will bring a fresher feel tomorrow.
The tour operator is relaunching its holidays from the UK to Tunisia for the first time since the Sousse beach attack that left 38 dead.
The North East actor has told ITV News Tyne Tees a routine operation on his gall bladder in Spain stopped him filming Benidorm.