In July 1929 the Home Territories Department acquired land at the Western Junction, then also called Valley of Springs, for a £20,400 ($41,000) aerodrome.

[3] In February 1931, around 20,000 people crammed into Evandale Road to watch Colonel Brinsmead, Controller of Civil Aviation, officially open Western Junction as a government aerodrome.

[7] The collapse of Ansett Australia in 2001, the introduction of Virgin Blue and Jetstar in 2001 and 2004; and the creation of the Australian low-cost airline market; have all contributed to a dramatic increase in aircraft movements at Launceston Airport.

[11][12] In August 2023, the new check-in hall opened, commencing the first stage of the airport's infrastructure development to improve the passenger experience.

Supported by the State and Federal governments, the project doubled the size of the airport’s check-in hall, with an additional 650 square metres offering space for self-check-in equipment and an easier security experience.

The 13th of December 2023 marked the completion of the first phase in the terminal expansion, with new state-of-the-art security screening technology becoming available for airport visitors.

[15] Airlines of Tasmania provide twice weekly services to both Cape Barren Island and Hobart, in addition to light aircraft charter.

Tassielink Transit bus route "Evandale-Perth-Longford- Cressy" formerly had three daily buses calling on Evandale Road outside Launceston Airport, which were suspended during the Covid-19 pandemic.

The would-be hijacker, a passenger named David Robinson, intended to fly the aircraft into the Walls of Jerusalem National Park located in central Tasmania.