A 25 per cent increase in passengers will see up to £40 million invested in Southend Airport between 2018 and 2021.
The airport's owner, Stobart, has been boosted by a three per cent share increase and will plunge £10 million into the airport this year alone.
Over a million passengers travelled through Southend Aiport last year, with the growing airport now flying to more than 30 domestic and European destinations.
Southend Airport recently announced new routes from Southend to several Italian islands and Malta.
Chief executive of Stobart Group Warwick Brady said: "Stobart Group has made good progress during the last year. We continue to see growth in our aviation division, with a 25% increase in passengers at London Southend Airport."
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