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American: We're not excited about Qatar's offer

Staff Writer |
American Airlines' chief executive said he is not "particularly excited" about Qatar Airways' interest in buying up to 10 percent of the U.S. carrier's shares.

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The move by Qatar Airways would expand its investments in North America as Qatar is embroiled in the region's worst diplomatic crisis in years and is locked in an airspace rights row with three other Gulf states.

In his letter, American CEO Doug Parker promised to continue American's "full court press ... to stand up to companies that are illegally subsidized by their governments."

He also said he found Qatar Airways' proposed investment "puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments."

Qatar Airways responded on Twitter, saying: "We are glad to see American Airlines' CEO Doug Parker's perspective that he agrees with Qatar Airways' belief that American Airlines is a solid financial investment."

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