BEIJING, Nov.15 (InfoChina) – Standard Poor’s has upgraded the H-share price of China Southern Airlines (NYSE:ZNH, HK: 1055) from “hold” to “buy”, expecting the company to continue benefiting from the international oil price decline and RMB appreciation.

 Compared with another Chinese airline giant China Eastern Airlines (NYSE:CEA, HK: 0670), Standard &Poor’s prefers China Southern, believing that it has better strategic position in China’s aviation market.