AA Says QR / Qatar Airways Interested in Buying 10% Stake
Jun 22, 2017, 6:22 am
#1
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AA Says QR / Qatar Airways Interested in Buying 10% Stake
Jun 22, 2017, 7:35 am
#7
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Jun 22, 2017, 8:03 am
#9
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Let me know when QR, or anything else, gets to 51%. EXP with zero YTD purchased miles on AA. You're all flying US Air, not AA.
Jun 22, 2017, 8:20 am
#10
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Berkshire Hathaway owns 4.24% of AAL
AAL is a public company, I consider investor interest as a positive sign, would be different if Parker was selling off equity to keep the ship afloat.
https://en.wikipedia.org/wiki/List_o...shire_Hathaway
https://en.wikipedia.org/wiki/List_o...shire_Hathaway
Jun 22, 2017, 8:23 am
#11
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Berkshire Hathaway owns 10% of AA
...American Airlines policy prevents anyone from accumulating a 4.75% stake or more without board approval, and the company’s board said it hasn’t received a request from Qatar Airways to go above that threshold. Further, foreign ownership laws limit the total percentage of foreign voting interest to 24.9%, American said.
As of March and April filings, the company had five shareholders above the 4.75% threshold including Warren Buffett’s Berkshire Hathaway Inc. which has a 10% stake....
As of March and April filings, the company had five shareholders above the 4.75% threshold including Warren Buffett’s Berkshire Hathaway Inc. which has a 10% stake....
That's from today's WSJ article concerning this issue.
Jun 22, 2017, 8:32 am
#13
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Back on topic - glad to see positive investor interest in AA.
Jun 22, 2017, 8:32 am
#14
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Umm, foreign entities holding a combined 25% or more of a US airline is against the law, so I think it's rather unlikely that QR alone would hold 51%.