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China Southern confirms equity talks with American Airlines
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China Southern confirms equity talks with American Airlines

China Southern Airlines has confirmed it is in talks with American Airlines over what it termed “a possible major strategic cooperation.”

In a filing to the Shanghai Stock Exchange on Sunday, March 26, the carrier said the negotiations centred on, among other issues, the proposed issuance of China Southern shares and other business co-operation.

“As of the date of this announcement, the Company [China Southern] does not have any binding arrangement or definitive agreement in relation to the Possible Cooperation,” it said.

In the event a deal is struck, China Southern said it would still be subject to internal as well as government approvals before a binding, final agreement can be signed…

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