A China Southern Airlines flight attendant stands in front of the company's logo. Photo: Reuters, Nicky Loh
A China Southern Airlines flight attendant stands in front of the company's logo. Photo: Reuters, Nicky Loh
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American Airlines acquires stake in China Southern

The agreement signed Tuesday is worth US$200 million

March 29, 2017 11:13 PM (UTC+8)

China Southern signed an agreement on Tuesday to sell a stake to American Airlines for the sum of US$200 million, reports China Daily.

The Chinese carrier has issued 270.61 Hong Kong-listed shares to American Airlines, representing 2.68% of the carrier’s increased share capital. The shares were issued at HK$5.7, a 4.6% increase over Monday’s closing price.

A regulatory filing on Tuesday stated the firms may look at increased cooperation in code sharing, sales, passenger loyalty programs and airport facilities.

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