News
Qatar Airways drops plan to invest in American Airlines
August 4th 2017
Qatar Airways this week formally walked away from a planned investment in American Airlines. "Qatar Airways has taken the decision not to proceed with its proposed passive financial investment in American Airlines," the Doha carrier said. Read More » "Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives."
Qatar wanted to acquire a 4.74% holding initially, which it could have done without seeking the approval of the U.S. carrier’s board.
American said it was puzzled by the bid particularly given American’s “extremely public stance on the illegal subsidies that Qatar [Airways], Emirates [Airline] and Etihad [Airways] have all received over the years from their governments”, said Doug Parker, chairman and chief executive of the Fort Worth-based carrier. American has notified its oneworld alliance partner that it would end their codeshare agreement in March 2018.
