Qatar wants 10% of American Airlines

American Airlines has received an “unsolicited” approach from Qatar Airways which wants to acquire 10% of the US carrier. American Airlines said it would respond “in due course”. Shares in American Airlines, which is the biggest airline in the world, were up by about 3.5% in early trading.

In 2015, Qatar Airways took a 10% stake in International Airlines Group (IAG), the owner of British Airways and Iberia. Then in July 2015 it increased its stake to 20%, becoming IAG’s biggest shareholder.

 

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