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American Airlines is reportedly investing $200 million in China’s largest airline (AAL)
|March 22, 2017||Posted by TravelKinds.Com under General||
American Airlines might be spending some serious cash in China.
According to the publication, American’s investment in the airline’s Hong Kong-listed shares will reportedly buy it a non-voting seat on China Southern’s board.
American’s perspective investment in China’s largest airline makes an incredible amount of sense.
Fort Worth, Texas-based American is a member of the Oneworld airline alliance that does not currently have a mainland Chinese member airline. (Cathay Pacific is read more >>>
Source : BusinessInsider.Com