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AA Says QR / Qatar Airways Interested in Buying 10% Stake
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Consistent with the 20% stake in IAG. It's likely Qatar Holding (the sovereign wealth fund) money anyway, just routed through QR to give them influence
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Makes sense. I guess for AA ME3 competition = bad, ME3 investment = good? lol
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should make for interesting airlines for america meetings in the future.
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can we call it qAAtar Airlines now? :-)
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Originally Posted by ukinny2000
(Post 28473524)
can we call it qAAtar Airlines now? :-)
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Originally Posted by bchandler02
(Post 28473548)
Discount Dougie will flush qAAtar airlines down the drain just as he has done with AA.
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Interesting, Qatar also has 10% of LATAM. I guess they want a piece of most of the alliance members?
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Let me know when QR, or anything else, gets to 51%. EXP with zero YTD purchased miles on AA. You're all flying US Air, not AA.
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Berkshire Hathaway owns 4.24% of AAL
AAL is a public company, I consider investor interest as a positive sign, would be different if Parker was selling off equity to keep the ship afloat.
https://en.wikipedia.org/wiki/List_o...shire_Hathaway |
Berkshire Hathaway owns 10% of AA
...American Airlines policy prevents anyone from accumulating a 4.75% stake or more without board approval, and the company’s board said it hasn’t received a request from Qatar Airways to go above that threshold. Further, foreign ownership laws limit the total percentage of foreign voting interest to 24.9%, American said. As of March and April filings, the company had five shareholders above the 4.75% threshold including Warren Buffett’s Berkshire Hathaway Inc. which has a 10% stake.... That's from today's WSJ article concerning this issue. |
Originally Posted by hedoman
(Post 28473707)
You're all flying US Air, not AA.
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Originally Posted by bchandler02
(Post 28473548)
Discount Dougie will flush qAAtar airlines down the drain just as he has done with AA.
Originally Posted by hedoman
(Post 28473707)
... You're all flying US Air, not AA.
Originally Posted by SFO777
(Post 28473822)
Bingo!
Back on topic - glad to see positive investor interest in AA. |
Originally Posted by hedoman
(Post 28473707)
Let me know when QR, or anything else, gets to 51%. EXP with zero YTD purchased miles on AA. You're all flying US Air, not AA.
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This idea is probably floated about in the last couple of weeks on the basis of isolation of Qatar and the need to appease The Donald.
You can as well guarantee the next big fleet purchase for Qatar Airways will be Boeing |
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