Qatar Airways to buy 4.75 percent stake in American Airlines

By REUTERS
June 22, 2017 17:51
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Breaking news. (photo credit: JPOST STAFF)

DOHA, June 22 - Qatar Airways said on Thursday it intends to buy a stake of up to 4.75 percent in American Airlines and that it hoped to build a passive shareholding in the US airline.

"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," it said.

The Gulf carrier's statement also said its investment would not exceed 4.75 percent without prior consent from American Airlines' board.


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