SHANGHAI, April 14 (Reuters) - China's top economic planner
has approved China Southern Airlines'
14.8-billion-yuan ($2.15 billion) plan for a base at a new
Beijing airport currently under construction, a day after it
approved a similar scheme by China Eastern Airlines
The National Development and Reform Commission (NDRC) said
in a statement on Friday that China Southern will fund 30
percent of the construction cost, while the remaining 10.3
billion yuan will be financed using domestic bank loans.
China Eastern's 13.2-billion-yuan plan for a similar base at
the new airport was given the green light on Thursday. The
airport will be the world's largest in surface area when
completed, roughly in line with Hartsfield-Jackson Atlanta
International Airport, the world's busiest by number of annual
($1 = 6.8860 Chinese yuan)
(Reporting by Brenda Goh; Editing by Sunil Nair)