India’s Jet Airways and Saudi Arabia’s flynas strike codeshare deal to boost inter-city travel

The codeshare will help 6 million passengers who travel between Saudi Arabia and India for religious, tourism and business purposes. (Getty Images)
Updated 12 December 2018
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India’s Jet Airways and Saudi Arabia’s flynas strike codeshare deal to boost inter-city travel

  • Under the agreement, travelers will be able to use either airline for their trips between the two countries and on some domestic connections
  • Codeshare agreement will support close to 6 million passengers who travel between Saudi Arabia and India for religious tourism and business purposes

LONDON: The Indian airline Jet Airways has signed a codeshare agreement with Saudi Arabia’s budget airline flynas, which will improve the connectivity between major Indian and Saudi Arabian cities.
Under the agreement, travelers will be able to use either airline for their trips between the two countries and on some domestic connections.
Flights are on sale now with customers able to travel on codeshare flights from Tuesday.
“This partnership is an important step in-line with flynas’ expansion and development strategy. Through such agreements we aim to offer a continually improved service to our passengers by adding more travel routes and expanding our reach regionally and internationally, in particular to key markets such as India,” said flynas’ CEO, Bander Al-Mohanna.

 

Jet Airways will place its marketing code “9W” on flynas flights between Dammam and Jeddah and Riyadh. The code will also be placed on connections from those cities to the holy city of Madinah as well as Gizan, Gassim, Taif and Abha. This will enable Jet Airways customers to fly into one Saudi city and leave via another.
Flynas will place its marketing code XY on Jet Airways’ international flights connecting Jeddah to Mumbai, Riyadh to Mumbai and Delhi. It will also cover flights from Dammam to Mumbai and Delhi.
Flynas will place its code on some destinations within Jet Airways domestic network, via Mumbai to Delhi, Kochi, Bengaluru, Hyderabad, and Lucknow as well as via Delhi to Bengaluru, Lucknow, Chennai and Kochi.
The codeshare agreement will support close to 6 million passengers who travel between Saudi Arabia and India for religious tourism and business purposes, said Marnix Fruitema, executive vice president — commercial, Jet Airways.
“Saudi Arabia is the second largest international travel market to and from India,” he said in a statement.

FASTFACTS

Saudi Arabia is the second largest international travel market to and from India.


Oil prices jump as US crude stocks fall, Middle East worries add support

Updated 11 min 5 sec ago
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Oil prices jump as US crude stocks fall, Middle East worries add support

  • Analysts said the gains were mainly driven by American Petroleum Institute data showing a fall in US crude inventories
  • Data come as traders watched for any signs that tensions between the US and Iran could escalate into military conflict
SYDNEY: Oil prices rose more than 1 percent on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.
Front-month Brent crude futures, international benchmark for oil, were up 1.3 percent at $65.91 by 0341 GMT. They earlier touched their highest since May 31 at $66 a barrel.
US West Texas Intermediate (WTI) crude futures were at $58.98 per barrel, up 1.8 percent from their last settlement. WTI earlier hit its strongest level since May 30 at $59.03 a barrel.
Analysts said the gains were mainly driven by American Petroleum Institute (API) data showing a fall in US crude inventories.
US crude stockpiles fell by 7.5 million barrels in the week ended June 21 to 474.5 million, compared with analyst expectations for a decline of 2.5 million barrels, the data showed. Crude stocks at US delivery hub Cushing, Oklahoma, fell by 1.3 million barrels.
“Oil prices went ballistic after the API report,” said Stephen Innes, a managing partner at Vanguard Markets.
“Oil prices have been squeezing higher on escalating tensions in the Middle East. But with late-day draws showing up in the API report, this is a strong signal for the energy market,” Innes said.
The data came as traders watched for any signs that tensions between the United States and Iran could escalate into military conflict.
US President Donald Trump threatened on Tuesday to obliterate parts of Iran if it attacked “anything American,” in a new war of words with Iran. Tehran has condemned a fresh round of US sanctions as “mentally retarded.”
Bilateral tensions between the two have spiked anew after Iran shot down a US drone last week in the Gulf. Relations have been tense since Washington blamed attacks on oil tankers just outside the Gulf in May and June on Iran, while Tehran has repeatedly said it had no role in the incidents.
Conflict between Washington and Tehran has stoked fears that shipments passing through the Strait of Hormuz — the world’s busiest oil supply route — could be disrupted.
Seeking to calm a nervous market, the head of national oil company Saudi Aramco said on Tuesday the company can meet the oil needs of customers using its spare capacity.