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American Airlines says Qatar Airways interested in buying 10% stake

The news comes just weeks after Qatar was engulfed in a diplomatic row with neighbour Saudi Arabia

Reuters 

American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 per cent stake worth at least $808 million in the No.1 US airline. Shares of American Airlines rose 5.5 per cent to $51.08 in premarket trading. The news comes just weeks after Qatar was engulfed in a diplomatic row with neighbour Saudi Arabia, which led other nations including Egypt, the United Arab Emirates and Bahrain in cutting ties with Doha. Qatar Airways indicated that it would buy the stake on the open market, American ...

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First Published: Thu, June 22 2017. 19:47 IST
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