Qatar Airways

Qatar Airways to Acquire 9.6% Stake in Cathay Pacific

Qatar Airways to Acquire 9.6% Stake in Cathay Pacific

Qatar Airways said it will acquire a stake in Cathay Pacific Airways, following a filing made to the Hong Kong stock exchange Monday.
The Doha-based carrier will purchase 9.6% of Cathay from Hong Kong-based Kingsboard Chemical Holdings for HK$5.16 billion ($662 million).   The transaction is expected to close the same day.
The airline said the investment “further supports” its current strategy.
Qatar currently owns 20% of British Airways’ parent International Airlines Group, 10% …

Qatar Drops Bid to Acquire Stake in American Airlines

Qatar Drops Bid to Acquire Stake in American Airlines

Qatar Airways said Wednesday that it no longer plans to take a stake in American Airlines.
“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 carrier said.
In June, American reported that the Doha-based airline had planned to make “a significant investment” in the Fort Worth-Based carrier.
At the time, Qatar had said that …

American Airlines to End Codeshares with Etihad and Qatar

American Airlines to End Codeshares with Etihad and Qatar

American Airlines said Wednesday it plans to discontinue its codeshare partnerships with two Gulf carriers, Etihad and Qatar Airways.
The move followed an ongoing dispute over alleged government subsidies of the region’s carriers.
“In light of our ongoing dispute over the Open Skies agreements, American Airlines notified Etihad Airways and Qatar Airways on June 29 of our decision.”
The change only affects American’s codeshare relationship with the two carriers and does not change …

American Airlines Says Qatar Airways Seeks to Acquire 10% Stake

American Airlines Says Qatar Airways Seeks to Acquire 10% Stake

American Airlines reported Thursday Qatar Airways plans to make “a significant investment” in the Fort Worth-based carrier.
In a regulatory filing, American said Qatar Airways had notified the Federal Trade Commission of its intent to buy at least $808 million of American stock, representing roughly 16.7 million shares at Wednesday’s closing price.
“The proposed investment by Qatar Airways was not solicited by American Airlines and would in no way change the company’s …

Arab Airlines Cancel Flights to Qatar; UAW Bars Qatar Airways from Airspace

Arab Airlines Cancel Flights to Qatar; UAW Bars Qatar Airways from Airspace

Following the severing of diplomatic relations between five Arab nations – Bahrain, Egypt, Saudi Arabia, the United Arab Emirates, and Yemen – and Qatar, multiple airlines announced the cancellation of all flights to Qatar and Qatar Airways announced it had suspended all flights to Saudi Arabia.
Dubai-based Emirates said it was suspending flights to Qatar until further notice starting Tuesday. Abu Dhabi-based Etihad said on its website that it was also …

Saudi-Led Coalition Cuts Diplomatic Ties with Qatar, Shuts Down Access to Airspace

Saudi-Led Coalition Cuts Diplomatic Ties with Qatar, Shuts Down Access to Airspace

Five Arab countries – Bahrain, Egypt, Saudi Arabia, the United Arab Emirates, and Yemen – announced early Monday that they were breaking off diplomatic relations with Qatar over that country’s support for Islamist groups and its relationship with Iran.
The five nations also said that they would cut off air and sea traffic to Qatar as well as refuse Qatari aircraft access to their airspace, a move that, among others, would …

Airlines at LAX Execute ‘Largest Relocation in Airport History’

Airlines at LAX Execute ‘Largest Relocation in Airport History’

As part of a major reshuffling at Los Angeles International Airport, 15 airlines began to move over the weekend some or all of their operations to a different terminal at the facility.
The move, part of LAX’ “massive modernization effort” according to Sean Burton, president of the Los Angeles World Airport’s Board of Airport Commissioners, started late Friday night and will continue into the beginning of the week, albeit only during …