GCTL8.com (FocusAsia Media Ltd)
HONG KONG, Mar 23 (FAM) – China Southern Airlines Co. Asia’s biggest carrier by passengers, is in advanced talks to sell a stake to American Airlines, according to people familiar with the matter.
The negotiations focus on an investment of about US$200 million by Fort Worth, Texas-based American in China Southern’s Hong Kong-listed shares, said the people, asking not to be identified as talks are confidential. The sale likely would take place through a private placement, one of the people said. China Southern has a market value of about US$10 billion.