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

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

US-QATARAIRWAYS-AMERICAN-AIRLINE-STAKE: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

After weird winter, U.S. forecasters see warm, wet spring

Mar 20, 2017

US-USA-SPRING:After weird winter, U.S. forecasters see warm, wet spring

Jane Campion, only female Cannes laureate, brings cop drama to Riviera

May 25, 2017

US-FILMFESTIVAL-CANNES-TOP-OF-THE-LAKE:Jane Campion, only female Cannes laureate, brings cop drama to Riviera

Facebook signs soccer live-streaming deal with MLS, Univision

Mar 10, 2017

US-FACEBOOK-MLS:Facebook signs soccer live-streaming deal with MLS, Univision

You may also like these

After weird winter, U.S. forecasters see warm, wet spring

Mar 20, 2017

US-USA-SPRING:After weird winter, U.S. forecasters see warm, wet spring

Jane Campion, only female Cannes laureate, brings cop drama to Riviera

May 25, 2017

US-FILMFESTIVAL-CANNES-TOP-OF-THE-LAKE:Jane Campion, only female Cannes laureate, brings cop drama to Riviera

Facebook signs soccer live-streaming deal with MLS, Univision

Mar 10, 2017

US-FACEBOOK-MLS:Facebook signs soccer live-streaming deal with MLS, Univision

About Me

Get yourself immersed in engaging topics right here. Daily World Feed is a multi-platform media, providing you latest breaking news straight from the industry.

Contact us: sales@dailyworldfeed.com