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 >
Amid compounding crackdown, US patients struggle as weight-loss drug discounts fall short
Amid compounding crackdown, US patients struggle as weight-loss drug discounts fall short
May 26, 2025
* Deadline for halting sales of compounded Wegovy passed on Thursday * Patients stockpile copies, take other steps * Experts warn against self-adjusted doses at home By Sriparna Roy May 23 (Reuters) - After years of easily available, cheap copies of Eli Lilly's ( LLY ) and Novo Nordisk's highly effective weight-loss drugs, some U.S. patients say they are unwilling...
George Weston Gets Approval from Stock Exchange for Normal Course Issuer Bid
George Weston Gets Approval from Stock Exchange for Normal Course Issuer Bid
May 26, 2025
08:14 AM EDT, 05/23/2025 (MT Newswires) -- George Weston (WN.TO) on Friday said the Toronto Stock Exchange approved its normal course issuer bid (NCIB). The company may buy up to 6.4 million common shares, or about 5% of the issued and outstanding shares, during the 12-month period beginning on May 27. Wittington, which holds about 59% of George Weston's issued...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Top Premarket Decliners
Top Premarket Decliners
May 26, 2025
08:08 AM EDT, 05/23/2025 (MT Newswires) -- Hallador Energy ( HNRG ) shares slumped 22% pre-bell Friday after the company said late Thursday that a certain transaction commitment was terminated by the counterparty. Bicara Therapeutics ( BCAX ) shares fell 21%, a day after the company said its phase 1/1b clinical trial of ficerafusp alfa with pembrolizumab in patients with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved