Located 1 nautical mile (1.9 km; 1.2 mi) northeast[2] of Billund, it serves as one of the country's busiest air cargo centres, as well as a charter airline destination.

[3] The airport was continuously expanded in the following years, with new facilities, terminal buildings, lounge, tax-free area, and hangars where LC Johansen's studio often participated as an architect (today called Johannsen Architects), while other work was carried out by the airport's own studio.

KHR Architects won the assignment and completed the construction in co-operation with COWI, and at the end of May 2002 the new passenger terminal was put to use, as the first phase of the future expansion, which is scheduled to take place north of the start and runway, while air cargo services, business and private aviation will continue to be served from the existing buildings south of the runway.

[5] In connection with this expansion, the largest since the beginning of the airport, it was with effect from 1 January 1997 turned into a joint-stock company, Billund Airport A/S, with the former members Vejle County and municipalities Vejle, Kolding, Grindsted, Billund, and Give as shareholders.

[citation needed] From mid-2009, the airport was served by nine airlines flying regular flight service, of which KLM had the busiest route with over 200,000 annual passengers to Amsterdam Schiphol.

In 2011, Ryanair announced that Billund Airport with effect from 25 March 2012 would be the base for two Boeing 737 aircraft.