In late June Qatar Airways revealed intentions to buy a stake in American Airlines, one of the US carriers it is battling in a row over transatlantic flying rights, stating it planned to take an initial investment of “up to 4.75%” in the US carrier. It said this would not be increased “without prior consent of the American Airlines board”.
But today (Wednesday) Qatar Airways said in a statement: “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.
