Bloomberg: American Air in advanced talks to buy China Southern stake

• American Airlines (AAL -2.5%) is in advanced talks to acquire a stake in China Southern Airlines (ZNH), Bloomberg reports.
• The negotiations focus on a ~$200M investment in China Southern’s Hong Kong-listed shares, likely through a private placement, according to the report.
• An investment in China Southern would allow AAL to strengthen its presence in a market that the IATA predicts will surpass the U.S. to become the world’s biggest in terms of passenger numbers by 2024.