City Airport submits expansion plans to Newham
London City Airport has submitted its expansion plans to Newham Council which could see an extra 50,000 flights movements each year.
That would see the airport able to carry up to six million passengers.
If approved, the £200million investment will see parking stands enlarged to cater for larger aircraft, due to arrive in 2016.
It will also see an extension of the terminal at the Royal Docks airport.
It added the expansion was needed as morning and evening business flights were almost at capacity and this was likely to increase with further development planned in east London.
Chief executive Declan Collier 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.
"In terms of the wider UK economy, the airport already contributes £750m every year - through business and leisure tourist spend, the operation of businesses on site, productivity savings and air passenger duty - and when this project is completed, we can expect to double that amount."
The airport added it was not extending the runway.
The increase in flight movements was previously approved by Newham Council in 2009.
Meanwhile, City Airport has also submitted plans for a 260 bedroom hotel with conference and meeting space next to the terminal.