The fresh capital has been provided by a consortium of Canadian pension funds - AIMCo, OMERS, and Ontario Teachers' Pension Plan - and Kuwait's Wren House.
Despite an expected rise to 4 million passengers in 2024, this is still 20% below pre-pandemic levels.
A London City spokesperson said: "Since the pandemic, we have seen year-on-year passenger growth, with leisure travel now representing closer to 60% of the passengers through our airport."
Reaching this new passenger cap of 9 million is expected to be challenging without additional weekend flights.
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