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

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 "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)

Related News

GE, Boeing, Oracle form coalition to support Republican border tax

Feb 3, 2017

US-USA-TRUMP-COMPANIES-TAX:GE, Boeing, Oracle form coalition to support Republican border tax

Iowa moves to cut Medicaid funding for Planned Parenthood

Feb 3, 2017

US-IOWA-PLANNEDPARENTHOOD:Iowa moves to cut Medicaid funding for Planned Parenthood

SpaceX says fix underway for rocket turbine wheel cracking

Feb 2, 2017

US-SPACE-SPACEX:SpaceX says fix underway for rocket turbine wheel cracking

Must Read

UK agency says Pfizer breast cancer drug too expensive

Feb 3, 2017

US-PFIZER-BRITAIN-CANCER:UK agency says Pfizer breast cancer drug too expensive

Oil pushes higher on Iran sanctions, jobs data

Feb 3, 2017

US-GLOBAL-OIL:Oil pushes higher on Iran sanctions, jobs data

Sibanye may raise up to $1.3 billion in equity for Stillwater deal

Feb 3, 2017

US-STILLWATER-MINNG-M-A-SIBANYE-GOLD:Sibanye may raise up to $1.3 billion in equity for Stillwater deal

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales@obserworld.com