July 6, 2017 / 11:08 AM / a month ago

Qatar Airways aims to start buying American Airlines shares "soon"

DUBLIN, July 6 (Reuters) - Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines "depending on the share price."

The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares.

Al-Baker told reporters in Dublin that Qatar Airways would buy up to 4.75 percent, despite a cool response given last month by the American Airlines CEO to its plan, once it has regulatory approval. (Writing by Alexander Cornwell in Dubai; Editing by Greg Mahlich)

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