The decision, granted on Tuesday, clears the way for a £200 million investment that will enable the airport to operate up to a permitted 111,000 annual flights, from the 70,000 currently flying.
This new capacity will help ease the pressure on existing airport infrastructure in London and the UK while a decision is made on where new runway capacity will be delivered, and in the period before it becomes operational in the late 2020s.
By 2023 the expansion programme will:
– Generate additional short-haul aviation capacity for the UK
– Create 1,500 new jobs and a further 500 during construction
– Double economic impact to £1.5bn per annum
– Facilitate greater levels of inward investment in East London
– Deliver a world-class international gateway to London
The plans include developing existing infrastructure to increase runway capacity, to allow more take-offs and landings at peak times and accommodate the next generation of quieter, more fuel efficient aircraft.
According to the gateway, these aircraft have longer ranges and will open up new markets not currently served from London City Airport.
Declan Collier, CEO of London City Airport says: “The development of the airport will culminate in 2023 when, having constructed seven new aircraft stands, a parallel taxiway and terminal extensions to the west and to the east, the airport will be welcoming some six million passengers every year.”
Around two thirds of passengers using London City Airport are business travellers, with the convenient connections to Europe’s commercial centres acting as a catalyst for inward investment in East London.
A recent Com Res survey found that 68% of Newham residents supported the expansion plans, while a further 20% were neutral. 84% of respondents said that the airport brings mostly advantages to the local area.