There appears to be a little fly in the ointment r

first_imgThere appears to be a little fly in the ointment regarding Qatar Airways’ announcement late last week that it was looking to obtain a stake in American Airlines – ‘at least 10 per cent’ – and the ‘fly’ comes in no less a guise than that of AA’s CEO, Doug Parker.“We aren’t particularly excited about Qatar’s outreach,” Parker wrote in a memo to American Airlines employees last Thursday, “and we find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received from their governments over the years.” “American Airlines is a publicly traded company,” he said, “which means our stock is available to anyone to purchase on the Nasdaq Stock Market. We don’t own those shares – they belong to the shareholders who own this company – and we cannot control who sells or purchases them.“While today’s news for some of our team may be puzzling, at best, and concerning, at worst, here’s what we know for sure: We will not be discouraged or dissuaded from our full court press in Washington DC to stand up to companies that are illegally subsidised by the governments.“If anything, this development strengthens our resolve to ensure the US government enforces its trade agreements regarding fair competition with Gulf carriers.”IMAGE: AP Photo/Alan Diaz airlinesAmerican AirlinesQatar Airwayslast_img

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