BackQatar Airways reverses decision to buy into American Airlines
1 min read
02 Aug 2017, 09:30 PM IST
Qatar Airways says it will not proceed with its proposed financial investment in American Airlines , reversing an earlier decision to build a stake of up to 4.75% in the US carrier
Premium
New York: Qatar Airways will not proceed with its proposed financial investment in American Airlines , reversing an earlier decision to build a stake of up to 4.75% in the US carrier, the state-owned airline said in a statement.
“Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives," Qatar Airways said. Reuters
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
Catch all the Corporate news and Updates on Live Mint.
Download The Mint News App to get Daily Market Updates & Live Business News.
More
Less
Published: 02 Aug 2017, 09:30 PM IST
Next Story
