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American Air in negotiations to buy stake in China Southern
Add BT as a preferred sourcePublished Mon, Mar 27, 2017 · 09:50 PM
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Beijing
AMERICAN Airlines Group Inc, the world's largest carrier, is in talks to acquire a stake in China Southern Airlines Co, according to a statement by Asia's biggest carrier by passengers.
The negotiations are over "a possible major strategic cooperation with American Airlines, Inc involving, among others, proposed issue of shares of the company and other business cooperation", the Guangzhou-based operator said in a stock exchange filing on Sunday. American Airlines spokeswoman Polly Tracey declined to comment.
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