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4 months ago
China Southern Airlines' shares jump after American Airlines buy-in
March 28, 2017 / 1:41 AM / 4 months ago

China Southern Airlines' shares jump after American Airlines buy-in

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SHANGHAI, March 28 (Reuters) - China Southern Airlines Co Ltd's Hong Kong-listed shares jumped by more than 2.5 pct in opening trade after the company said it would sell a stake to a subsidiary of American Airlines

The carrier's mainland shares also rose by more than 4 percent after announcing the deal, which would make American Airlines the second U.S. carrier to own part of a Chinese airline after Delta Air Lines Inc. (Reporting by Brenda Goh and John Ruwitch; Editing by Stephen Coates)

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