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

[July 06, 2017]    By Conor Humphries
 
 DUBLIN (Reuters) - Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines <AAL.O> "depending on the share price."

Air travelers stand at an American Airlines check-in gate at LaGuardia Airport in New York, U.S., March 14, 2017. REUTERS/Shannon Stapleton

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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