Only piecemeal additions to cargo capacity on China-US flights
US airlines are reluctant to resume China routes they suspended during the pandemic, auguring tight ...
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”.
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