Qatar Airways says offered 25% stake by US start up airline
A start-up airline in the US has offered a 25% stake to Qatar Airways, CE Akbar al-Baker said Wednesday, giving the Gulf carrier a second chance to buy into a US airline. Qatar Airways tried to buy up to 10% of listed American Airlines last year, but changed its mind in August after opposition from the US carrier’s management. The start-up airline was private and so Qatar Airways would not face the same opposition this time, Baker said. However, he declined to name the airline or disclose where it would be based and did not say if Qatar Airways intended to purchase the stake. Qatar Airways bought 9.61% of Cathay Pacific and 49% of Meridiana last year. Those acquisitions added to a portfolio of airline holdings that includes 20% of IAG and 10% of LATAM. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2018-01-18/oneworld/qatar-airways-says-offered-25-stake-by-us-start-up-airline
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Qatar Airways says offered 25% stake by US start up airline
A start-up airline in the US has offered a 25% stake to Qatar Airways, CE Akbar al-Baker said Wednesday, giving the Gulf carrier a second chance to buy into a US airline. Qatar Airways tried to buy up to 10% of listed American Airlines last year, but changed its mind in August after opposition from the US carrier’s management. The start-up airline was private and so Qatar Airways would not face the same opposition this time, Baker said. However, he declined to name the airline or disclose where it would be based and did not say if Qatar Airways intended to purchase the stake. Qatar Airways bought 9.61% of Cathay Pacific and 49% of Meridiana last year. Those acquisitions added to a portfolio of airline holdings that includes 20% of IAG and 10% of LATAM. <br/>
