The airport was built in 1973 as an alternative to Spilve Airport, which had become outdated. It is a state-owned joint-stock company, with the owner of all shares being the government of Latvia. The holder of the state capital share is Latvia's Ministry of Transport. In March 1995, Uzbekistan Airways began a flight from Tashkent to New York City that stopped in Riga. The carrier operated the service with an Airbus A310. Due to poor demand, the airline rerouted it through Amsterdam three months later. Renovation and modernization of the airport was completed in 2001, coinciding with the 800th anniversary of the founding of the city. Uzbekistan Airways moved the stop on its New York service back to Riga in October 2004. It employed Boeing 767s on the route. Closer ties between Uzbekistan and Latvia and the Latvian government's decision to lower the Riga airport's fees had encouraged the company to return. In 2006 and 2016, the new north terminal extensions were opened. A maintenance, repair and overhaul facility was opened in the autumn of 2006, to be run as a joint venture between two local companies: Concors and SR-Technik. In 2010, the first dedicated business aviation terminal of the Baltics opened at the airport. Uzbekistan Airways terminated the Riga–New York flight in October 2017.