Qatar Airways chief wants to expand fleet, look for US investments

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FILE -- In this Nov. 4, 2015 file photo, a Boeing 787 airplane purchased by Qatar Airways is shown during a delivery ceremony in Everett, Wash. Qatar Airways, announced Sunday, June 11, 2017, that its net profits reached $540 million in its latest ... financial disclosure before the airline was blocked from flying to major Arab states. Analysts estimate that a political standoff in the Gulf between Qatar and other Arab states will cost the airline heavily after Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut ties with Qatar and blocked direct flights with the country. (AP Photo/Ted S. Warren, File) (AP)

Qatar Airways Chief Executive Akbar Al Baker said on Monday that the carrier plans to expand its fleet, buying four Boeing Co 777-300 aircraft for its passenger fleet and accepting four Airbus A350 aircraft that it had rejected in July.

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Speaking at an event in which he formally accepted delivery of Qatar Airways' first Boeing 747-8 freighter, Al Baker said the plan to take the four Airbus planes "is definite." He added he will be "concluding an agreement shortly, for which I will be flying to Toulouse from here," referring to the Airbus site. Reuters reported earlier on Monday that Qatar would take the Airbus jets.

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Al Baker separately told CNBC that he is still looking for investments in the United States, despite being rebuffed when Qatar made a proposal to buy a stake of up to 4.75 percent in American Airlines Group.

(Reporting by Rachel Nielsen; Editing by Joe White and Matthew Lewis)

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