In an Odd Move, Qatar Airways Plans to Take a Stake in American Airlines
According to American Airlines' 8-K filing with the SEC, Qatar Airways may take up to a 10% stake in the U.S. carrier. In a letter to employees, American's CEO, Doug Parker, wrote that management found the move “puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received.†American Airlines stock reacted positively to the news, but has trimmed some of its gains. We think it will be very difficult for Qatar to go above a 4.75% shareholding...American Airlines Group is a holding company. Through its subsidiaries, the company's business activity is the operation of a primary network carrier, providing scheduled air transportation for passengers and cargo. The company's regional carriers provide scheduled air transportation under American Eagle. The American Eagle carriers include the company's regional carriers Envoy Aviation Group Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc., as well as third-party regional carriers including Republic Airline Inc., Mesa Airlines, Inc., SkyWest Airlines, Inc. and Compass Airlines, LLC. The company's cargo division provides freight and mail services, with facilities and interline connections available across the globe.
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