China Southern, American Airlines announce tie-up
AFP
| 2017/03/28 | 496 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
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 two airlines said the tie-up would allow American to tap into China's rapidly growing air tr...(…)
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 two airlines said the tie-up would allow American to tap into China's rapidly growing air tr...(…)
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