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 >
Ahead of crucial talks, IMF spots Rs 2 trillion breach in Pakistan’s budgetary estimates
Ahead of crucial talks, IMF spots Rs 2 trillion breach in Pakistan’s budgetary estimates
Jan 28, 2023
Pakistan and the International Monetary Fund (IMF) officials are scheduled to kick-start parleys from Tuesday for accomplishing the ninth review under the Extended Fund Facility during which the fiscal slippages and reconciliation of figures will be the major topic of discussion.
After India, China gives financing assurances to Sri Lanka for IMF bailout package
After India, China gives financing assurances to Sri Lanka for IMF bailout package
Jan 22, 2023
China has given debtridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to recover from its worstever economic crisis.
WEF founder heaps praises on Prime Minister Narendra Modi as Davos comes to a close
WEF founder heaps praises on Prime Minister Narendra Modi as Davos comes to a close
Jan 20, 2023
"India is promoting a just and equitable growth for all in the world during its G20 presidency, while also making significant progress on the most pressing domestic challenges. India’s G20 presidency comes at a crucial time, Prime Minister Modi’s leadership is critical in this fractured world," World Economic Forum's Founder and Executive Chairman Klaus Schwab said.
Shell considers exiting UK, German, Dutch energy retail businesses
Shell considers exiting UK, German, Dutch energy retail businesses
Jan 26, 2023
Shell injected nearly $1.5 billion in cash and credit into its British energy retail business in 2022 to help it weather huge volatility in power prices that caused the collapse of several rival UK utilities. Shell Energy Retail, its UK business, has 1.4 million customers, while its German business has 110,000 and the Dutch business 15,000.
Copyright 2023-2025 - www.financetom.com All Rights Reserved