Interesting, probably not the reaction that Qatar Airways was expecting. Seeking Alpha reports that Doug Parker, American CEO is “not happy” about a potential investment from Qatar Airways and thinks it’s “puzzling and strange.”
American says it had not sought the investment and the move would not affect its management or strategic direction; AAL also says it would not stop pursuing its subsidy claim against Qatar Airways and other Persian Gulf carriers.
Earlier, Qatar Airways announced their intentions:
Qatar Airways sees a strong investment opportunity in American Airlines. Qatar Airways believes in American Airlines’ fundamentals and intends to build a passive position in the company with no involvement in management, operations or governance.
Qatar Airways has long considered American Airlines to be a good oneworld Alliance partner and looks forward to continuing this relationship. Qatar Airways plans to make an initial investment of up to 4.75%. Qatar Airways will not exceed 4.75% without prior consent of the American Airlines board. Qatar Airways will make all necessary regulatory filings at the appropriate time.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
