Deals
American Air CEO 'Frightened' by Qatar Stake Plan, Al Baker Says
- Gulf carrier aims to go ahead with share purchase regardless
- Acquisition to be strategic and go no higher than 10% holding
Qatar Seeks 10 Percent Stake in American Airlines
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Qatar Airways ratcheted up a war of words with American Airlines over the Mideast carrier’s plans to take a stake in its U.S. rival, as Chief Executive Officer Akbar Al Baker said his counterpart Doug Parker is “frightened” by the proposed investment.
The Persian Gulf company intends to buy shares of American if they’re attractively priced, regardless of Parker’s opposition, Al Baker said Thursday in his first public comments since news of the strategy emerged last month.