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Qatar Airways drops plan to buy stake in American Airlines

The Qatari airline's surprise plan to buy at least $808 million in American shares was disclosed by the US carrier in a securities filing in June.

Published: 02nd August 2017 10:27 PM  |   Last Updated: 02nd August 2017 10:27 PM   |  A+A-

A Qatar Airways aircraft. (File photo | Reuters)

By AFP

DOHA: Qatar Airways has dropped plans to buy a 10-percent stake in American Airlines, it said on Wednesday, as Doha remained embroiled in a diplomatic row with its neighbours.

A review "demonstrated that the investment no longer meets our objectives," the company said in a statement, without elaborating. 

The Qatari airline's surprise plan to buy at least $808 million in American shares was disclosed by the US carrier in a securities filing in June.



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