Qatar Airways' chief executive Akbar al-Baker said today that 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% of its shares.
Al-Baker told reporters in Dublin that Qatar Airways would buy up to 4.75%, once it has regulatory approval.
This was despite a cool response given last month by the American Airlines CEO to its plan.
Qatar Airways recently launched a new service between Dublin and Doha, and the airline said the service is flying at almost full capacity in the few weeks since its launch.
The new route also gives Irish passengers the opportunity to connect to over 150 destinations on the airline's global network via its hub in Hamad International Airport.
