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Qatar Airways invests in JetBlue-backed private jet company after American Airlines rebuff

11 Apr 2018 13:59:52

cnbc.com

Less than a year after it said it wanted to buy as much as 10 percent of American Airlines, the world's biggest carrier, Qatar Airways is thinking very small.


The Doha-based carrier has taken a minority stake in JetBlue-backed private jet company JetSuite Inc., Qatar Airways said Tuesday. JetBlue is also increasing its investment in the private jet company, JetSuite said.


Legacy U.S. airlines have long-alleged that Qatar Airways and two other Middle East carriers—Emirates and Etihad—receive illegal state subsidies that have created an unfair playing field. Qatar Airways disclosed its surprise interest in American Airlines last June. American's CEO, Doug Parker, called it "puzzling."


Read full story: cnbc.com

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