It serves as a combined civilian and military airport and is located near its namesake, the village of Araxos, Achaea.

The airport facilities were very limited until 2007, when the construction of a new 1,477 m2 arrivals building was completed.

Araxos was established as a military airport in 1936, but construction of the runway was not completed until 1941, when it also became the site of the first radar installation in Greece.

[8] The airport has served as the home base of the Hellenic Air Force's 116th Combat Wing (116 Πτέρυγα Μάχης) since May 1969, and of its precursor the 116th Combat Group (116 Σμηναρχία Μάχης) since April 1962.

The following airlines operate regular scheduled and charter flights at Patras Araxos Airport: Araxos airport is located 45 km west of the city of Patras and 65 km north of Pyrgos.