Qatar Airways drops plan to invest in American Airlines

Qatar Airway’s plan to buy a 10% stake in arch rival American Airlines has come to a shuddering halt. The purported $800m venture ended yesterday, the Gulf operator citing the US carrier’s “latest public disclosure”. The New York Times suggested resistance from American regulators in Washington may also have played a part. However, the publication also quoted the Treasury Department, one of the agencies that could have reviewed a Qatar investment, which said it had no involvement in a potential deal.