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> > > Qatar Airways wants to buy a 10% stake in American Airlines
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| Jodi F. • Messages: 6 • Years on forum: 15.3 |
12:28 PM 06/22/2017 | Do you like Qatar's service? It may come to US!
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American Airlines on Thursday said it received an unsolicited notice from Qatar Airways of its intention to make a "significant investment."
In a conversation between the CEOs of both companies, Qatar Airways said it wanted to buy about 10% of public shares, American Airlines said in a regulatory filing.
http://www.businessinsider.com/american-airlines-qatar-airways-10-percent-stake-2017-6
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| | Jodi F. • Messages: 6 • Years on forum: 15.3 |
09:42 AM 06/23/2017 | Huh... AA CEO's response was quite fast!
American Airlines CEO Doug Parker sent a letter to employees on Thursday in response to Qatar Airways announcing their offer to acquire a 10 percent stake in the company.
In the letter, Parker uses the word "puzzling" to describe Qatar Airways' intention to invest and specifically points out "illegal subsidies" as the reason behind his criticism.
"While anyone can purchase our shares in the open market, we aren't particularly excited about Qatar's outreach, and we find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments," Parker wrote.
http://www.cnbc.com/2017/06/22/american-airlines-ceo-writes-a-scathing-response-to-qatar-airways-desire-to-invest.html
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