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

Rolls-Royce Trent 1000 Ten receives certification

The Rolls-Royce Trent 1000 TEN, which will power all variants of the Boeing 787 Dreamliner, has been granted full flight certification from the European Aviation Safety Agency (EASA). This important milestone comes as the first set of

UAE Space Agency discusses cooperation with Ministry of Climate Change and Environment

The UAE Space Agency has discussed means of joint cooperation with the Ministry of Climate Change and Environment during a meeting between high-level Space Agency delegates and the Minister of Climate Change and Environment.

EgyptAir increases flights from Cairo to several cities around the world

EgyptAir is to add new flights between Cairo and a number of cities and capitals around the world, starting from October 29th, 2017 in the beginning of winter schedule this year.

RJ launches sales promotion campaign in Jordan

Royal Jordanian (RJ) has launched a new sales promotion campaign in Jordan on its destinations in Saudi Arabia; Riyadh, Jeddah, Medina and Dammam, in addition to Abu Dhabi and Dubai, in the United Arab Emirates.

DAE completes acquisition of AWAS

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of the AWAS group of companies.

Foreign operators cautiously resume Benghazi operations

Foreign airlines have slowly begun operating commercial flights to/from Benghazi, just weeks after local Libyan carriers resumed their own scheduled passenger services to/from the eastern Libyan city, reports ch-aviation.

Aviation Africa SK18418
See us at
Global Aerospace BT28218RMIT BT1631817DIAC BT1105121117Commercial Aircraft Financing BT2017Aviation Show 267291117AIME BT1204240118DASAS BT3006161117Aviation Africa BT18418DAS BT1105161117