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American Airlines buys stake in China Southern Airlines

American Airlines buys stake in China Southern Airlines

Tuesday, March 28, 2017, 11:42 AM

American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel market. China Southern will expand commercial cooperation, possibly in sales, airport facilities and code-sharing, the airline said in an announcement Tuesday through the Hong Kong stock exchange.
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