Qatar Airways interested in buying 10% stake in American AirlinesJune 22, 2017 - 18:00 AMT PanARMENIAN.Net - American Airlines Group Inc said on Thursday, June 22 that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline, Reuters says. Shares of American Airlines rose 5.5 percent to $51.08 in premarket trading. The news comes just weeks after Qatar was engulfed in a diplomatic row with neighbor Saudi Arabia, which led other nations including Egypt, the United Arab Emirates and Bahrain in cutting ties with Doha. Qatar Airways indicated that it would buy the stake on the open market, American Airlines said in a regulatory filing. American said its certificate of incorporation prohibits anyone from acquiring 4.75 percent or more of the company’s outstanding stock without advance approval from the board following a written request. The company's board did not receive any written request from Qatar Airways, American added. American Airlines also noted that foreign ownership laws limited the total percentage of foreign voting interest in a U.S. company to 24.9 percent. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |