17-Apr-2017 12:06 PM
China Eastern Airlines' base at Beijing Daxing Airport approved
China's National Development and Reform Commission approved (13-Apr-2017) China Eastern Airlines' CNY13.2 billion (USD1.9 billion) plan to construct a base at the new Beijing Daxing International Airport. The base will cover 1.17 million sqm and 30% of the investment will be funded by China Eastern. The remaining funds will be financed using domestic bank loans. Phase one of the airport project will be completed in 2019 with four runways and capacity for 45 million passengers p/a. Phase two and three will increase the airport's capacity to 100 million passengers p/a. [more - original PR - Chinese]