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.
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