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American Airlines in advanced talks to buy China Southern stake

American Airlines is in advanced talks to buy a $200 million stake in Asia's biggest airline China Southern, as it looks to enter the country's huge aviation market. The Texas-based company plans to take the stake in the Chinese firm's Hong Kong-listed shares through a private placement. If the deal goes through, American will be able to take a seat at the board of China Southern, without voting rights.

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American Airlines Group Inc,China Southern Airlines Co.,airlines,deal,Hong Kong, Texas,aviation,commercial services,transportation