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Club member Kev Boler said he was ''over the moon'' that the Waitaki District Council had approved the airport as a venue, and a drag race had already been organised for March 16.
Mr Boler said 48 members of the rodders club would take part, but there was room for 120 cars.
The event was open to anyone with their own car, a warrant of fitness and a driver's licence.
''We really want to encourage the young guys with their Japanese cars to take part, so we can give them somewhere to race that is not on the street,'' he said.
He said it had been 12 years since drag races at the airport were stopped, due to regular commercial flights using the tarmac runway.