American in Advanced Talks to Buy China Southern Stake as per Bloomberg

According to Bloomberg, American is in advanced discussions to acquire a $200M stake in China Southern via a private placement. American would nominate an observer with no voting rights to the airline’s board.  Delta owns a minority stake in China Eastern after a 2015 acquisition and of course is a fellow Skyteam member with China Southern. Full details from Bloomberg here.

AA CZ

Comments

  1. Why? Because they can’t get approval for flights into China and if they are part owners, they will get different treatment.

Leave a Reply

Your email address will not be published. Required fields are marked *