- Air Canada (OTCQX:ACDVF) and Air China ([[AIRYY}], OTCPK:AICAF) sign the first joint venture between a North American airline and Chinese counterpart.
- The two carriers will sharemore than $1B in revenue on flight itineraries between Canada and China, according to The Globe and Mail.
- Air China ADRs are up 1.10% in early trading and Air Canada is 1.1% in Toronto, while within the sector China Southern (ZNH +5%) and China Eastern Airlines (CEA +3%) are posting even stronger gains.