China Southern close to buying airport and carrier
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China Southern Airlines is reportedly closing in on two separate deals which will see it acquire both a stake in Slovenia’s Adria Airways and outright ownership of Ljubljana Airport.
If the deals were to go through the Chinese carrier would also get Adria Airways Flight Academy.
The deal, which could be stalled because of EU ownership laws, would give China Southern a strong foothold in Eastern Europe, an area the company is reportedly very interested in.
Yesterday we reported that the company’s profits had fallen by 18.9% year-on-year for the first six months of 2013.
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