Riyadh Air Set to Deepen Partnership Accords With More Airlines [BNN Bloomberg (Canada)]
TURK HAVA YOLLAR UNSP/ADR (TKHVY)
NASDAQ:AMEX Investor Relations:
investor.turkishairlines.com/en
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Source: BNN Bloomberg
The airline, which is owned by Saudi Arabia's Public Investment Fund, is close to announcing a accord with a major southeast Asian carrier in coming days, according to people familiar with the plan. Riyadh Air is also working on agreements with an Indian carrier for long-haul flights as well as a US airline, said the people, who asked not to be identified discussing private deliberations. Representatives for Riyadh Air declined to comment. The company will begin operations in the middle of next year, seeking to win back business that's been taken over by regional carriers like Emirates or Qatar Airways. With a large local population — Saudi Arabia has more than 36 million inhabitants — and a nascent tourism industry, Riyadh Air is building up a fleet to capture more of those travel flows. The partnerships would give Riyadh Air instant access to the wide networks that its partners already serve, while providing feeder services into those destinations. The company already entered
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