Investing in American Airlines no more meets our objectives, says Qatar Airways
Aviation - Qatar Airways will not be investing in American Airlines Group - an sudden change in plan after the Middle Eastern carrier surprised the industry by announcing the investment over a month ago.
August 03, 2017: Qatar Airways will not be investing in American Airlines Group - an sudden change in plan after the Middle Eastern carrier surprised the industry by announcing the investment over a month ago.
“Qatar Airways has taken the decision not to proceed with its proposed passive financial investment in American Airlines,” Qatar Airways said in an emailed statement to the press.
Stating that the investment in American Airlines “no more meets our objectives” following the airline’s latest public disclosure, Qatar Airways will continue to investigate alternative investment opportunities in the United States of America and elsewhere.
“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,” the statement added.
Qatar’s interest in buying stake in American met immediate resistance in the United States. American, along with Delta and United, have accused Qatar and two other Middle East-based carriers of receiving unfair government subsidies. However, the Gulf carriers have denied the accusations.
