NEW YORK (AP) – Qatar Airways says it’s dropping an attempt to buy a big stake in American Airlines, an audacious move that received a chilly reception from the Fort Worth-based carrier.

Qatar Airways said Wednesday that the investment no longer meets its objectives. American Airlines Group Inc. did not comment immediately.

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Qatar said in June that it planned to buy an initial stake of up to 4.75 percent of American’s stock, but the company said Qatar’s goal was to get a 10 percent stake.

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It was an odd bid. The two airlines are on opposite sides in a nasty fight that has big U.S. carriers complaining that Qatar and other Middle East airlines get illegal subsidies from their governments.

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