Qatar Airways notifies American Airlines it wants to buy about a 10 percent stake in the US carrier, which confirmed the move in a securities filing.
In this Jan. 15, 2015 file photo, the new Airbus A 350 of Qatar Airways coming from Doha, Qatar, approaches the gate at the airport in Frankfurt, Germany. (Photo credit:AP/Michael Probst-file)
Qatar Airways discloses that it planned to buy at least $808 million in shares, and Qatar Airways’ chief executive told his counterpart at American that the carrier sought a stake of about 10 percent, American Airlines says.
“The proposed investment by Qatar Airways was not solicited by American Airlines and would in no way change the Company’s Board composition, governance, management or strategic direction,” American says in the filing.
— AFP
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you, David Horovitz, Founding Editor of The Times of Israel
From the Liveblog of
Thursday, June 22, 2017
Add ToI as a Preferred Source on Google
