Air China, the world's largest carrier by market value, yesterday said it would consider merging with other airlines in the face of increasing foreign competition.

中国国际航空公司(AirChina)昨日表示，面对越来越激烈的国外竞争，该公司将考虑与其它航空公司合并。国航是全球市值最大的航空公司。

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It will be an irony indeed if Air France next moves to buy into foreign airlines in effect, nationalising by stealth another country's carrier.

ECONOMIST: Letters