The Terrance B. Lettsome airport underwent a major $55 million renovation in 2004. After dredging was completed the runway was expanded to allow larger planes to operate into the airfield. This renovation was the largest capital project ever undertaken in the territory at that time. However, the airport currently does not receive any scheduled airline passenger jet service. The largest aircraft serving Tortola was the 64 passenger seat ATR-72 turboprop aircraft operated by Executive Airlines flying as American Eagle on behalf of American Airlines. However, American Eagle ended all service to the airport on 31 March 2013. Currently, the largest aircraft to serve Tortola is the 50 passenger seat de Havilland Canada DHC-8Dash 8 DHC-8-300 turboprop aircraft operated by Leeward Islands Air Transport (LIAT). Recently, Seaborne Airlines began operating Saab 340 turboprop aircraft into the airport.
Some of the highlights of the renovation and expansion project include:
A new 46,000 sq ft (4,300 m2). terminal building
An enlarged flight apron
A new control tower
3,700 ft (1,128 m). runway extension
New airport road with expanded parking (150 parking stalls)
There is a $20 departure tax for anyone over the age of five years old.
On 5 April 1971, Douglas C-47A N57372 of Vinair was damaged beyond economic repair in a landing accident at Beef Island Airport. The aircraft was operating an international cargo flight from San Juan, Puerto Rico.
On 6 May 1993, a Short 330 turboprop operated by Atlantic Air BVI overran the runway and landed in the sea after aborting on takeoff. It was a passenger flight, and all passengers and crew survived. The airframe was damaged beyond economic repair, and was sunk as a scuba diving site off Great Dog Island.