Qatar Airways nixes plan to buy 10% stake in American Airlines
Aug 2, 2017, 2:16 pm
#1
Original Poster
Join Date: Dec 2007
Location: Earth
Programs: AA - EXP 1MM, Marriott/SPG Plat, Hilton Gold, BA, DL, TWA Royal Ambassador
Posts: 309
Qatar Airways nixes plan to buy 10% stake in American Airlines
"Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives," Qatar Airways said
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
Aug 2, 2017, 2:29 pm
#2
FlyerTalk Evangelist
Join Date: May 2012
Location: MCO
Programs: AA, B6, DL, EK, EY, QR, SQ, UA, Amex Plat, Marriott Tit, HHonors Gold
Posts: 12,809
"Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives," Qatar Airways said
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
Aug 2, 2017, 2:48 pm
#3
Suspended
Join Date: Mar 2001
Location: FIND ME ON TWITTER FOR THE LATEST
Posts: 27,730
"Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives," Qatar Airways said
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
IMHO.... TG!
I wonder what they meant.... Maybe, AA going to restore the PHL-TLV route???
After speaking with a number of former USAir employees, they were certain that Qatar forced them to shut down the route despite what the "Official" word was....
Aug 2, 2017, 3:00 pm
#4
Original Poster
Join Date: Dec 2007
Location: Earth
Programs: AA - EXP 1MM, Marriott/SPG Plat, Hilton Gold, BA, DL, TWA Royal Ambassador
Posts: 309
Wanted to provide a link to one of the stories....
https://www.cnbc.com/2017/08/02/qata...-airlines.html
https://www.cnbc.com/2017/08/02/qata...-airlines.html
Aug 2, 2017, 3:21 pm
#5
Join Date: Apr 2001
Location: Austin
Posts: 4,629
This the the most wrong statement I've read on FT in a long time.
Aug 2, 2017, 4:05 pm
#6
Join Date: Apr 2017
Programs: AA, DL, Avis, Enterprise, National, IHG, HH, SPG/MR
Posts: 1,852
Aug 2, 2017, 7:33 pm
#7
Join Date: Mar 2007
Location: PIT
Posts: 759
Maybe so, but can you provide a credible source as to why NOT just PHL-TLV was axed, but all of Israel? I mean it's not like there's a pittance of travel between the U.S. (NYC, LAX, etc.) and Israel. It's quite difficult to swallow that AA dropped Israel for financial reasons, when they fly to (for example) ATH, which is nearly as far and primarily Tourist/Cruise traffic. AA essentially ceded Israel to their U.S. rivals, Delta and United - why ?
Aug 2, 2017, 7:43 pm
#8
Join Date: Apr 2010
Location: CUR
Posts: 2,170
Maybe so, but can you provide a credible source as to why NOT just PHL-TLV was axed, but all of Israel? I mean it's not like there's a pittance of travel between the U.S. (NYC, LAX, etc.) and Israel. It's quite difficult to swallow that AA dropped Israel for financial reasons, when they fly to (for example) ATH, which is nearly as far and primarily Tourist/Cruise traffic. AA essentially ceded Israel to their U.S. rivals, Delta and United - why ?
*and have a free frame to fly a 1.5 EU round trips too.
Aug 2, 2017, 7:45 pm
#9
Join Date: Aug 2004
Programs: AA (EP), Hilton (Diamond), Marriott Bonvoy (Titanium)
Posts: 8,937
As to what the statement means, my reading is that QR is saying that AA's financial situation doesn't meet their investment objectives. Presumably, QR wanted to invest in a US airline to both foster a closer relationship and generate decent return. But that's just my interpretation of the statement.
Aug 2, 2017, 8:07 pm
#10
Join Date: Jul 2010
Location: SFO
Programs: AA EXP
Posts: 5,270
Aug 2, 2017, 8:18 pm
#11
Join Date: Apr 2009
Location: YYF/YLW
Programs: AA, DL, AS, VA, WS Silver
Posts: 5,950
I haven't either, but from context, my guess is "thank goodness". But it would be nice if people spelled out words more; electrons are free, and using acronyms and abbreviations does not make one smart or knowledgeable. I include myself in that.
Aug 2, 2017, 8:32 pm
#12
Join Date: Apr 2010
Location: CUR
Posts: 2,170
Maybe the OP really likes Thai Airways?
Aug 2, 2017, 9:50 pm
#13
FlyerTalk Evangelist
Join Date: May 2012
Location: MCO
Programs: AA, B6, DL, EK, EY, QR, SQ, UA, Amex Plat, Marriott Tit, HHonors Gold
Posts: 12,809
Maybe so, but can you provide a credible source as to why NOT just PHL-TLV was axed, but all of Israel? I mean it's not like there's a pittance of travel between the U.S. (NYC, LAX, etc.) and Israel. It's quite difficult to swallow that AA dropped Israel for financial reasons, when they fly to (for example) ATH, which is nearly as far and primarily Tourist/Cruise traffic. AA essentially ceded Israel to their U.S. rivals, Delta and United - why ?
What is "TG?" Never seen that acronym before.
As to what the statement means, my reading is that QR is saying that AA's financial situation doesn't meet their investment objectives. Presumably, QR wanted to invest in a US airline to both foster a closer relationship and generate decent return. But that's just my interpretation of the statement.
As to what the statement means, my reading is that QR is saying that AA's financial situation doesn't meet their investment objectives. Presumably, QR wanted to invest in a US airline to both foster a closer relationship and generate decent return. But that's just my interpretation of the statement.
Aug 2, 2017, 10:05 pm
#14
Suspended
Join Date: Mar 2001
Location: FIND ME ON TWITTER FOR THE LATEST
Posts: 27,730
^
I'd put my proven credibility on these type of issues up against absolutely anyone's.