(MENAFN- The Peninsula) The Peninsula
Qatar Airways said yesterday it plans to buy a stake of up to 4.75 percent in American Airlines.
'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 percent, said the company in a statement. '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, it added.
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, said the national carrier of Qatar.
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