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Qatar Airways seeks 10% stake in American Airlines

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)
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

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