China Southern, American Airlines announce tie-up

China Southern Airlines said Tuesday it would sell almost a one-tenth stake to American Airlines in a $200 million tie-up that could see two of the world's biggest carriers cooperate in a range of areas. American Airlines is the world's largest carrier by scheduled passengers carried, while China Southern is fourth globally and the biggest in Asia, according to the International Air Transport Association (IATA). The deal could give American a foot in the door of China's rapidly expanding air transport market, while China Southern said the move would support its own ambitions of expanding its global presence.
Click here to read full news..