Qatar Airways withdraws plan to buy American Airlines stake

‘Qatar Airways says it has lost interest in buying a 10-percent equity stake in American Airlines after reviewing the investment, a move that might be rooted in the ongoing political rift between Doha and Washington’s regional allies.
“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 in a statement, Financial Times reported Wednesday.
“Qatar Airways will continue to investigate alternative investment opportunities in the United States of America and elsewhere that do meet our objectives,” added the airliner.
The statement did not specify which public disclosure by American Airlines had prompted the decision.’
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