Qatar drops AA bid

Moves by Qatar Airways to buy a stake of up to 10% in American Airlines have been dropped by the Mid-East carrier, but it says it will continue to investigate alternative investment opportunities in the US and elsewhere.

Qatar said it abandoned the plan after "further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines, has demonstrated that the investment no longer meets our objectives".

The company’s rapid expansion plans are continuing in another direction after it unveiled more flights to top destinations in Asia with extra services to Ho Chi Minh City and Hanoi in Vietnam and Krabi in Thailand.

From 1 January, there will be direct daily service to Hanoi in addition to existing daily flights from Doha via Bangkok, doubling capacity. Ho Chi Minh City’s daily service will increase by three flights a week to 10. Krabi will be daily from 1 December 2017.

Qatar Airways group chief executive Akbar Al Baker said: “Thousands of passengers every day already experience the seamless connection between flights through our Doha hub at Hamad International Airport, and now we have made it even easier to reach these increasingly popular destinations.”

www.qatarairways.com

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