Qatar Airways and other Arab air lines to mix for quite some time in the industry. The entry of Qatar in the US air transport market, but due to the crisis in the Persian Gulf political issues.
Qatar Airways prepares for a stake in American Airlines. As the largest U.S. airline, said on Thursday in a communication to the stock exchange regulator, the SEC, Qatar-Chef Akbar Al Baker in an interview with the company’s management expressed interest in the purchase of a ten-percent stake in American Airlines. At least 800 million US dollars to invest in Qatar.
Qatar Airways was clear, however, to want to be free from the day to day business or to the Management of American Airline involved. You’ll have to initially acquire an interest of up to 4.75 percent. Anything beyond that will only be carried out in consultation with the Board of Directors of American Airlines.
The airlines from the Arab region on the mix for quite some time in the industry. The accusation of well-established Western companies is that they do this only by state subsidies. Thanks to the bulging coffers you buy one, also, in foreign subsidiaries. Qatar Airways is already involved with a good 20 per cent of European aviation Holding company IAG with British Airways and Iberia.
American Airlines underscore the requirement that there must be fair competition in the sky. The company was of the Belief that the U.S. government, Donald Trump would be that the subsidies would be terminated. Finally, jobs were here in the US aviation industry. In addition, American Airlines and competitors United Continental and Delta Air Lines out of practice since prolonged pressure on the US government to limit flights from Qatar, Emirates and Etihad Airways in the United States. Here, too, the Arab airlines, government subsidies have unlawful competitive advantages over U.S. carriers.
Participation in troubled political times
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Qatar Airways: More cancellations than bookings
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Qatar Airways: More cancellations than bookings
The diplomatic crisis in the Persian Gulf had led to unrest in the market. Several Arab Gulf States and Egypt broke off diplomatic relations with Qatar, and airspace for Qatar-Jets locked. A necessary administrative authorisation for the entry-level have applied for Qatar Airways, said American Airlines. The Board of Directors of American Airlines, is still no formal Declaration of intent to Qatar Airways before the sun, however, a greater proportion of the time of purchase.
American Airlines pointed out that a foreign group under US law, not more than 24.9 per cent should stick to a US company. Also had to agree to the Company’s articles of incorporation of American Airlines, the Board of Directors, any purchase of more than 4.75 percent of the shares in the company. So far, according to data from the financial news Agency Bloomberg, the six shareholders, have exceeded the threshold of 4.75 per cent, including Warren buffet’s Holding Berkshire Hathaway, which comes to ten percent.
tko/uh (dpa, rtr)