financetom
Business
financetom
/
Business
/
Delta Air, Riyadh Air unveil strategic partnership
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Delta Air, Riyadh Air unveil strategic partnership
Jul 9, 2024 1:09 PM

CHICAGO, July 9 (Reuters) - Riyadh Air has partnered

with U.S. carrier Delta Air Lines ( DAL ) as the Saudi startup

carrier grows its potential network ahead of launching

commercial operations next year, the airlines said on Tuesday.

Riyadh Air, owned by Saudi sovereign wealth fund PIF, will

be a second national airline, based in the capital Riyadh,

alongside existing flag carrier Saudia, based in Jeddah.

Under the agreement, Atlanta-based Delta will serve as

Riyadh Air's exclusive partner in North America, offering its

customers access to hundreds of U.S. destinations.

For Delta's customers, the partnership will open new

destinations in Saudi Arabia, the airlines said. The U.S.

carrier also plans to launch future nonstop service to Riyadh.

Currently, no U.S. airline files to Saudi Arabia.

Delta's first partnership with a Gulf carrier marks a

shift from the last decade when the Atlanta-based airline along

with United and American Airlines ( AAL ) lobbied to

curb competition from Gulf state carriers.

In 2022, however, United unveiled a codeshare agreement

with Dubai's Emirates. American Airlines ( AAL ) has a similar

arrangement with Qatar Airways.

The tie-up between Delta and Riyadh Air envisions

codesharing, which will allow them to sell seats on each other's

flights, but will require regulatory approvals.

In the future, the two carriers plan to expand the

partnership into a joint venture, allowing collaboration on

network planning. Such an arrangement would require immunity

from antitrust laws.

Currently, Delta has joint ventures with Air France-KLM

, British airline Virgin Atlantic, Chile's LATAM

Airlines and Korean Air.

Riyadh Air is trying to build its network through a series

of bilateral partnerships and code shares rather than relying

purely on its own planes, or joining a formal airline alliance.

Last month, it announced partnerships with Singapore

Airlines and Air China.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chinese megacity Hangzhou, home to Alibaba, lifts all home purchase curbs
Chinese megacity Hangzhou, home to Alibaba, lifts all home purchase curbs
May 8, 2024
BEIJING, May 9 (Reuters) - China's eastern metropolis of Hangzhou, among the country's most thriving cities, on Thursday said it will lift all home purchase restrictions to shore up its real estate market, raising the prospect of other cities following suit. As of May 9, Hangzhou's government will no longer vet the eligibility of potential buyers, the city housing authority...
EXPLAINER-Why the US is stopping some bomb shipments to Israel
EXPLAINER-Why the US is stopping some bomb shipments to Israel
May 8, 2024
(Adds historical information) THE HAGUE/WASHINGTON, May 8 (Reuters) - The United States has suspended a shipment of weapons to Israel, including heavy bombs the U.S. ally used in its campaign against Hamas militants in Gaza which has killed more than 34,000 Palestinians. The suspension comes as Israeli Prime Minister Benjamin Netanyahu continues a military assault on the Palestinian city of...
Australia backs long-term gas drilling despite 2050 climate goals
Australia backs long-term gas drilling despite 2050 climate goals
May 8, 2024
SYDNEY, May 9 (Reuters) - Australia's Labor government on Thursday laid out a strategy to boost natural gas development even as it remains committed to net zero carbon emissions by 2050, highlighting demand from key Asian trade partners. Australia is one of the world's largest exporters of liquefied natural gas (LNG), and Resources Minister Madeline King said gas would be...
Ukraine drone attack sparks fire at refinery in Russia's Krasnodar, officials say
Ukraine drone attack sparks fire at refinery in Russia's Krasnodar, officials say
May 8, 2024
May 9 (Reuters) - Ukraine-launched drone attack sparked fire and damaged several oil tanks at a refinery in Russia's Krasnodar region, the region's crisis administration said on Thursday. About six drones were destroyed, but debris fell on the refinery near the village of Yurovka, sparking fire, the administration said on the Telegram messaging app. Several tanks were damaged, the administration...
Copyright 2023-2025 - www.financetom.com All Rights Reserved