It's Getting Tense Between American Airlines and Qatar Airways
American Airlines Inc (AAL) - Get Report has heated up its war of words against Qatar Airways in a regulatory filing that hits back at the Gulf carrier's plans to buy shares in the biggest U.S. airline.
American said Qatar Airways had revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10% stake in the carrier, but said no further details of the changes to the filing were given. American reiterated that the proposed investment was not solicited by American Airlines and would in "no way change the company's board composition, governance, management or strategic direction."
It also included strong language about the Open Skies agreement between the United Arab Emirates and Qatar which has seen major airlines accuse the Gulf states of unfairly subsidizing their government-run airlines.
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