China Southern Airlines gets nod for $2.15 bln base at new Beijing airport

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)