Qatar Airways’ plan to invest in American Airlines seen as a bid to undercut criticism
Share Now on:
Qatar Airways, the national airline of that embattled Persian Gulf nation, plans to invest about $808 million in American Airlines. This is an unsolicited investment — a purchase of voting shares on the open market. This comes as U.S. airlines, including American, have criticized Qatar Airways and two carriers based in the United Arab Emirates about alleged unfair competition. They say the Persian Gulf governments subsidize ticket prices and service, undercutting U.S. carriers on routes to the Middle East, Africa and the Far East. Qatar may also have a geopolitical goal in mind. The country is in a bitter fight with Saudi Arabia and its gulf neighbors that have accused Qatar of supporting terrorist organizations in the region. In the past, Qatar has made big investments in the American economy to try to insulate itself from criticism and pursue better diplomatic relations with the U.S.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.