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Qatar Airways wants to buy 10 percent stake in American Airlines

Qatar Airways wants to buy 10 percent stake in American Airlines

An American Airlines Airbus A321. Photo Credit: American Airlines

Qatar Airways wants to purchase a 10 percent stake in American Airlines, a move called “puzzling” by the Fort Worth-based airline’s top executive and criticized by union leaders.
In a memo to employees, CEO Doug Parker noted that American has repeatedly criticized the state-owned Persian Gulf airlines for violating trade agreements and vowed to continue lobbying the Trump administration to restrict their expansion in the U.S. American’s labor unions said they are opposed to the proposed investment because Qatar’s expansion threatens U.S. jobs.
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