The plans also include development of a business park for the region’s manufacturing sector alongside an expanded airport site.
The development would coincide with new high speed rail links, meaning passengers could get a train to London in under 40 minutes.
Paul Kehoe, CEO of Birmingham Airport, said: “Great cities like Birmingham deserve great airports.
“In 20 years’ time British air travel will double and it is widely acknowledged that all the country’s long-haul traffic cannot be routed through one airport in West London.
“Instead, we believe that the best thing for UK aviation is to create a network of long-haul national airports, each supporting the comparative economic advantages of that region to boost trade, foreign investment and tourism.”
Expanding Birmingham Airport alongside the high speed rail project is a “once in a generation opportunity”, the airport said.
In its submission to the independent Airports Commission, Birmingham has called for a network of long haul airports in the UK.
Other proposals under consideration, include expansion at Heathrow, or new four-runway hub.