Qatar Airways will not proceed with its proposed investment in American Airlines, abandoning a plan that would have made the Middle Eastern carrier one of the biggest shareholders in the Fort Worth-based company. The carrier had previously said it planned to acquire a 10% stake in American (NASDAQ: AAL). American, led by CEO Doug Parker and backed by pilots and flight attendants, vocally opposed the investment. “Qatar Airways has taken the decision not to proceed with its proposed passive financial…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/03/qatar-airways-drops-bid-for-stake-in-american.html?ana=RSS%26s=article_search
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