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DOHA: August 02, 2017. Qatar Airways is not proceeding with its initial 7.5 percent "passive" stake in American Airlines (AA) for an estimated US$808 million.

Qatat Airways 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," said the Gulf carrier, adding it would "continue to investigate alternative investment opportunities in the United States of America and elsewhere that do meet our objectives".

On June 22 Qatar Airways announced it had approached AA to buy up to 10 percent of the company - first revealed in an SEC filing by the U.S. carrier - "with no involvement in management, operations or governance".

AA CEO Doug Parker reacted saying "we aren't particularly excited" and in a subsequent letter to employees commented: "We find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments. We remain committed to that effort, and we will remain so even with this potential investment."

American, Delta and United support the 'Open & Fair Skies' lobby group that claims Gulf carriers have received US$50 billion in state subsidies. It's a view not shared by FedEx, Hawaiian Airlines, Atlas Air and Jet Blue.

Back in November 2015 respective airline heads Dave Bronczek, Mark Dunkerley, William Flynn and Robin Hayes noted: "It's important to realize this isn't the United States against the UAE and Qatar, it is three U.S. airlines who favor protectionism over competition."

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