Qatar Airways has announced its intention to invest in American Airlines, making an initial investment of 4.75 per cent.

The airline says it believes in American’s fundamentals and “intends to build a passive position in the company with no involvement in management, operations or governance.”

In a statement on the Qatar Airways website, the airline says: “Qatar Airways has long considered American Airlines to be a good oneworld Alliance partner and looks forward to continuing this relationship. Qatar Airways plans to make an initial investment of up to 4.75%. Qatar Airways will not exceed 4.75% without prior consent of the American Airlines board. Qatar Airways will make all necessary regulatory filings at the appropriate time.”