In April 2014, the airport closed for four months of improvements, including rebuilding the runway and lighting; it reopened on August 1, with private company Stowe Aviation operating the facility. The improvements were funded by a $4 million federal grant from the Airport Improvement Project, and made up the first phase of Stowe Aviation's planned upgrades, with $20 million more in private investment to be used to build a new terminal building, maintenance facility, and other supporting infrastructure.
Morrisville–Stowe State Airport covers an area of 112 acres (45 ha) which contains one asphalt paved runway (1/19) measuring 3,701 x 75 ft (1,128 x 23 m).
For the 12-month period ending April 30, 2005, the airport had 18,020 aircraft operations, an average of 49 per day: 96% general aviation, 3% military and 1% air taxi. There are 28 aircraft based at this airport: 64% single engine, 7% multi-engine and 29% gliders.