Qatar Airways drops plan to buy stake in American Airlines

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Qatar Airways has dropped plans to buy a 10-percent stake in American Airlines, it said Wednesday, as Doha remained embroiled in a diplomatic row with its neighbours.

A review “demonstrated that the investment no longer meets our objectives,” the company said in a statement, without elaborating.

The Qatari airline’s surprise plan to buy at least $808 million in American shares was disclosed by the US carrier in a securities filing in June.

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