China Southern Airlines' shares jump after American Airlines buy-in
SHANGHAI China Southern Airlines Co Ltd's (1055.HK) Hong Kong-listed shares jumped by more than 2.5 pct in opening trade after the company said it would sell a stake to a subsidiary of American Airlines (AAL.O)
The carrier's mainland shares also rose by more than 4 percent after announcing the deal, which would make American Airlines the second U.S. carrier to own part of a Chinese airline after Delta Air Lines Inc (DAL.N).
(Reporting by Brenda Goh and John Ruwitch; Editing by Stephen Coates)