American Airlines takes stake in Chinese carrier

Friday, 28 Mar, 2017 0

American Airlines has invested £159 million in China Southern, China’s largest airline, giving it a 3% stake.

The deal follows rival Delta Air Lines’ $450 million investment in China Eastern Airlines in 2015.

China Southern said the investment would ‘achieve the strategic goal of building a world-class aviation industry group’.

The deal, which is subject to regulatory approval, could lead to code-sharing between AA and China Southern and a tie-up of the carriers’ loyalty programmes.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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