HONG KONG: China Southern Airlines Co Ltd said it will sell a small stake to American Airlines Group Inc in a US$200mil deal that will give the carriers better access to the world’s two largest travel markets.
China Southern will issue new shares worth HK$1.55bil (US$199.6mil) to American Airlines, making American the second US carrier to own part of a Chinese airline after Delta Air Lines Inc bought 3.55% of China Eastern Airlines Corpfor US$450mil in 2015.
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