China Southern, American Airlines announce tie-up
China Southern Airlines will sell 8.83 percent of its Hong Kong-listed shares to American Airlines (AFP Photo/JOHANNES EISELE)/ Shanghai (AFP) - American Airlines on Tuesday confirmed it will purchase $200 million in China Southern Airlines stock, the first step in a planned "long-term relationship" between two of the world's biggest carriers. American Airlines, the world's largest by scheduled passengers carried, will buy 8.83 percent of the Hong Kong-listed shares of China Southern, which is fourth globally and the biggest in Asia. The ...
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