Citing their numerous accomplishments, the seven-member Little Rock Municipal Airport Commission voted unanimously to honor the Clintons, pending FAA approval Reuters reports.
The Clintons follow other powerful politicos who have had airports named after them, like Ronald Reagan and John F. Kennedy.
"The Clintons continue to have a major impact on our state and our local economy, and we believe renaming our airport in their honor is a fitting way to recognize their service and their position in Arkansas and our nation's history," said Commission Chairman Jim Dailey in a news release.
Bill Clinton said in a statement, "Hillary and I are humbled by the Little Rock Airport Commission's decision ... We are grateful for this honor and for all that the people of Arkansas have done for us. And we look forward to many happy landings at the airport in the years ahead."
The Little Rock National Airport is the state's largest commercial service airport. It serves 2.2 million passengers annually. The commission is currently working on a plan to make the airport international by 2020. The airport's three-letter identifying code "LIT" will not change.
Founded in 1917, the airport was purchased by Little Rock residents in 1930. A Federal Aviation Administration spokeswoman said the name change would be checked for conflicts and added to the national directory.
The Associated Press contributed to this report.