Qatar Drops American Airlines Investment Plan

Qatar Airways will not invest in American Airlines, ending its unsolicited quest to buy a stake in the carrier.

Qatar Airways had sought to buy a 4.75% stake in American, with the goal of taking up to a 10% stake. American’s board would have had to review any investment above 4.75%. Given the reaction when Qatar Airways announced its goal in June, that seemed unlikely.

In a reversal, the Doha, Qatar-based carrier issued a statement saying it would no longer buy even the smaller …

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