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Qatar steps back from American Airlines investment

Posted 2 August 2017 · Add Comment

Qatar Airways has dropped its plans to purchase a 10% shareholding in One World partner American Airlines.

The move to invest in the US carrier - one that has strongly opposed Gulf carriers access to American open skies – came as a surprise to the airline.
In a statement today, Qatar said: ““Qatar Airways has taken the decision not to proceed with its proposed passive financial investment in American Airlines.
“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 Airways will continue to investigate alternative investment opportunities in the United States of America and elsewhere that do meet our objectives.
“Qatar Airways will continue to seek opportunities to invest in global aviation to support the airline's goal to offer the best possible travel experience for its customers.”
 

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