The plans include new aeroplane parking stands to accommodate larger aircraft, a parallel taxilane to optimise runway capacity in peak operating hours and a terminal extension.

The airport is not proposing a second runway or any extension to the existing runway.

London City chiefs hope the plans will allow the airport to double its passenger numbers to six million over the next ten years.

Declan Collier, Chief Executive Officer, London City Airport, said: “Increasingly, this area is a focus for foreign investment – the recent announcement by ABP of its intention to build a multi-billion pound business park on Royal Albert Dock is one such example – and the connectivity to business centres across Europe, Eastern Europe and the Middle East that the airport provides, or will provide in the future, is central to this continuing.”

London City Airport’s planning application has been submitted to the London Borough of Newham for determination.