Delta partners with startup Riyadh Air, laying ground for flights to Saudi Arabia

July 9, 2024
3,087 Views

More on the Saudi Arabia, 9/11 lawsuit


Breaking down the Saudi Arabia, 9/11 lawsuit

03:47

Delta Air Lines said Tuesday it has entered into a partnership with startup Riyadh Air with the goal of operating flights between the United States and Saudi Arabia.

Riyadh Air, which plans to begin passenger flights next summer, is backed by Saudi Arabia’s sovereign-wealth fund and is part of the country’s plan to diversify its oil-based economy and boost tourism. 

Atlanta-based Delta and Riyadh did not give a timetable for beginning flights or financial details around their partnership. Their CEOs said neither airline is taking an ownership stake in the other.

Delta CEO Ed Bastian and Riyadh Air CEO Tony Douglas said they envision selling tickets on each other’s flights — a practice known as codesharing — that requires approval from the U.S. Transportation Department.

They said the partnership could grow into a full-blown joint venture. That step would require immunity from U.S. antitrust laws for the carriers to collaborate on prices and share revenue.

Bastian said he expects much of the early traffic to be passengers flying to the United States, but that it will even out over time as tourism to Saudi Arabia grows.

No U.S. airline flies to Saudi Arabia. Saudia, the kingdom’s flag carrier, operates nonstop flights between Saudi Arabia and New York, Dulles International Airport outside Washington, D.C., and Los Angeles.

Source link

You may be interested

Voters react to Biden dropping out, Harris says she doesn’t want a coronation
Top Stories
shares2,975 views
Top Stories
shares2,975 views

Voters react to Biden dropping out, Harris says she doesn’t want a coronation

new admin - Jul 22, 2024

Voters react to Biden dropping out, Harris says she doesn't want a coronation - CBS News Watch CBS News Reactions…

How Trump campaign is shifting its strategy with Biden out of race
Top Stories
shares3,872 views
Top Stories
shares3,872 views

How Trump campaign is shifting its strategy with Biden out of race

new admin - Jul 22, 2024

How Trump campaign is shifting its strategy with Biden out of race - CBS News Watch CBS News Former President…

Incurable Nipah brain virus kills teenager in India
World
shares3,663 views
World
shares3,663 views

Incurable Nipah brain virus kills teenager in India

new admin - Jul 22, 2024

Authorities in southern India’s Kerala state are taking preventive steps after the death of a 14-year-old boy from the Nipah virus and the…