State-Owned Qatar Airways Seeks 10 Percent Stake In American Airlines
(World News Egypt)

Qatar Airways is interested in buying up to 10 percent of American Airlines in an unsolicited approach to the carrier that would trigger U.S. antitrust oversight of deals that size, multiple media reports said Thursday. American said in a regulatory filing Thursday the bid was unsolicited, but the CEOs of both airlines have spoken - with Qatar chief executive Akbar al-Baker approaching his American counterpart Doug Parker, The Associated Press reported. The New York Times reported state-owned Qatar Airways said it intended to purchase at least $808 million worth of American´s stock on the open market, according to a U.S. Securities and Exchange Commission filing. Shares of American Airlines...