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 >
Citigroup profit climbs on strength across units, while Mexico sale drags
Citigroup profit climbs on strength across units, while Mexico sale drags
Oct 14, 2025
(Reuters) -Citigroup ( C/PN ) reported a rise in third-quarter profit, as all its divisions brought in record revenue. Shares of the bank rose about 1% in trading before the bell on Tuesday. Citi and its competitors benefited from a resurgence in activity in the third quarter as companies struck megadeals, despite uncertainty over U.S. President Donald Trump's tariff policies....
Market Chatter: ArcelorMittal in Talks With South Africa's IDC for Sale of Local Unit
Market Chatter: ArcelorMittal in Talks With South Africa's IDC for Sale of Local Unit
Oct 14, 2025
08:04 AM EDT, 10/14/2025 (MT Newswires) -- ArcelorMittal's ( MT ) head of mergers and acquisitions Ondra Otradovec is in discussions with South African government-owned Industrial Development Corp., or IDC, for the sale of the steelmaker's local unit, Bloomberg reported Tuesday, citing sources familiar with the matter. The presence of the company executive is an indication that talks are accelerating,...
Major News Organizations Refuse to Sign Pentagon's Updated Press Pass Policy
Major News Organizations Refuse to Sign Pentagon's Updated Press Pass Policy
Oct 14, 2025
08:02 AM EDT, 10/14/2025 (MT Newswires) -- News Corp's ( NWSA ) The Wall Street Journal and Warner Bros. Discovery's ( WBD ) CNN said in separate Monday articles that they are among the media outlets that are refusing to sign the Pentagon's updated press pass policy. The new policy restricts journalists' communication with military sources and access to certain...
Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval
Parkland Corporation and Sunoco LP Receive Investment Canada Act Approval
Oct 14, 2025
CALGARY, AB, Oct 14, 2025 /PRNewswire/ - Parkland Corporation ( PKIUF ) (Parkland) and Sunoco LP ( SUN ) today announced that the Government of Canada has approved the previously announced proposed acquisition of Parkland by Sunoco ( SUN ) (the Transaction), in accordance with the terms of the Investment Canada Act. The Transaction is expected to close in the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved