American Airlines could acquire a stake in state-owned China Southern Airlines, as talks between the two companies prompted a 5.3% rise in the latter's Hong Kong-traded shares. Romeo Ranoco The deal would give US Airways and its Chinese partner an airline that is more than twice China's size but has been struggling to compete with low-cost carriers such as Air China. In 2015, Delta Air Lines bought 3.55% of China Eastern Airlines for $450m.
American Airlines could acquire a stake in state-owned China Southern Airlines, as talks between the two companies prompted a 5.3% rise in the latter's Hong Kong-traded shares. The deal would give US Airways and its Chinese partner an airline that is more than twice China's size but has been struggling to compete with low-cost carriers such as Air China. In 2015, Delta Air Lines bought 3.55% of China Eastern Airlines for $450m.