American Airlines looks set to buy stake in China Southern

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American Airlines is looking to increase its market share on transpacific routes to China by buying a stake in China Southern. While the deal has not yet been confirmed, it appears the US carrier is eyeing a $200m stake in the airline, which is worth about $10bn at market value, notes ATW. China Southern, which yesterday suspended stock trading, said it would reveal an “important strategic cooperation deal within five working days”.