Subscribe Free
in Business & Finance

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.”
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates becomes official partner of The 2018 Ryder Cup

Emirates and the European Tour have renewed their existing European Tour Agreement for four years until 2021.

Passenger traffic at DXB rises to near-record eight million in July

Dubai International (DXB) recorded its second busiest month on record for passenger traffic in July with over eight million passengers, according to the monthly traffic report issued by operator Dubai Airports.

Qatar Airways' inaugural flight lands at Václav Havel Airport Prague

Qatar Airways' first non-stop flight from Doha landed yesterday at Václav Havel Airport Prague. Qatar Airways flight QR 291, operated by an Airbus A320, departed Hamad International Airport on Monday at 08:00 am and arrived at Václav

Gulfstream unveils its Connectivity Service programme

Gulfstream Aerospace has announced the creation of its Connectivity Service programme, a comprehensive, bundled suite of in-flight internet, voice and entertainment offerings customised to meet the needs of each Gulfstream

Ethiopian Airlines starts thrice weekly service to Bahrain

Ethiopian Airlines Group has marked commencement of a thrice weekly service to Bahrain at a reception ceremony held at Addis Ababa Bole International Airport.

Kish Air orders B737 MAX, A320s

Iran's Kish Air chief executive officer, Mohammad Taqi Jadidi, has said the carrier has signed an MoU with Boeing for the purchase of ten B737 MAX, reports ch-aviation.

Aviation Africa SK18418
See us at
DIAC BT1105121117AIME BT1204240118Aviation Africa BT18418DAS BT1105161117Global Aerospace BT28218Commercial Aircraft Financing BT2017RMIT BT1631817DASAS BT3006161117Aviation Show 267291117