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

by Adam

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

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George L March 22, 2017 - 12:19 pm

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

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