Cathay Pacific to launch Tel Aviv-Hong Kong flights

Cathay Pacific, photo: PR
Cathay Pacific, photo: PR

The airline will begin operating four weekly flights on March 26, intensifying competition over Far East flights for El Al.

Competition on Israel-Far East flights is intensifying: El Al Israel Airlines Ltd. (TASE: ELAL), which is still getting used to competition with China's Hainan Airlines, which operates directs flights to China, will now have to compete over other flights to the East, as Cathay Pacific launches direct flights from Tel Aviv to Hong Kong. These four weekly flights will begin operating on March 26, aboard Airbus 350 planes.

Cathay Pacific offers three ticket classes: tourist, business and a separate 28-seat premium economy department. Fares will start at $870 for tourist tickets, $1,550 for premium class tickets and $2,750 for the business class.

Cathay Pacific has not previously operated in Israel. They have been brought here by Tal Aviation, which is the Israeli representative of Air Europe, Germania, American Airlines, Air Baltic and more.

Published by Globes [online], Israel business news - www.globes-online.com - on October 26, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Cathay Pacific, photo: PR
Cathay Pacific, photo: PR
Tel Aviv Stock Exchange credit: Shutterstock Tel Aviv stocks: Rebound or long slide?

Statistics show a two-thirds chance of high returns after a steep one-day fall. Yields on Israel government bonds are rising sharply.

Attorney General Gali Baharav-Miara credit: Eyal Izhar AG slams gov't for seeking to be above the law

Attorney General Gali Baharav-Miara did not attend the cabinet meeting, which unanimously passed a no confidence vote in her.

Rooftop solar panels credit: Shutterstock New housing rooftop solar panel incentives unveiled

The new tracks being given a public hearing by Israel's Electricity Authority provide a more rapid return on the investment and address concerns about inflation.

Carrefour Israel branch credit: Bar Lavi Heavy debt pushes Carrefour Israel to continued losses

Despite improved sales, the supermarket chain reported a loss of NIS 113 million in 2024.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Netanya, Rishon Lezion, Tirat Carmel and Sderot.

Shekel v dollar  credit: Tali Bogdanovsky using Adobe Firefly Shekel, TASE slump amid political, security tensions

After the collapse of the ceasefire with Hamas and the revival of the judicial overhaul, the shekel is at its five-month weakest against the US dollar and the TASE is down over 3%.

Supervisor of Banks Daniel Hahiashvili   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky BoI moves to restrict developers' financing offers

Supervisor of Banks Daniel Hahiashvili sees growing risk in bank loans subsidizing new home purchases.

Mathios Rigas  credit: Eyal Izhar Energean confirms asset sale cancellation

CEO Mathios Rigas: Italy, Egypt and Croatia will remain core pillars of our operations.

Prime Minister Benjamin Netanyahu and Shin Bet head Ronen Bar  credit: Government Press Office/Kobi Gidon Histadrut chair: I won't sit quietly if gov't ignores court

Histadrut chairperson Arnon Bar-David has joined calls from Israel's business world for the government to respect the High Court of Justice ruling suspending the dismissal of Shin Bet chief Ronen Bar.

Next Insurance founders credit: Next Insurance Munich Re buys Israeli insurtech co Next at $2.6b valuation

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

Insurance companies  credit: Einat Levron, Eyal Izhar, Tamar Matsafi, Shlomi Yosef, Tali Bogdanovsky Two up, two down: Insurance co stocks diverge

They all reported strong results for 2024, yet while Menora Mivtachim and The Phoenix rose sharply, Migdal and Clal went the other way.

European Commission building, Brussels  credit: Shutterstock EU defense budget plan excludes Israel's arms industry

Under the current proposal, the €150 billion loan fund can be used only for procurement within Europe.

Wiz and Google  credit: Tali Bogdanovsky Could Wiz acquisition lead to a VAT cut?

The state's tax revenue from the deal is expected to be equivalent to about 2% in VAT.

Ryanair credit: Piote Mitelski, Ryanair Ryanair offering ultra-low fares for Israel restart

Tickets to some destinations start at $33 - but taking luggage can more than double that.

Nvidia CEO Jensen Huang credit: Shutterstock Israeli tech stars in Nvidia product launch

Two Israeli acquisitions, Mellanox and Deci, are behind key products presented by Nvidia CEO Jensen Huang at the company's annual event in San Jose.

Check Point offices credit: Shutterstock Check Point, Israel Canada buying NIS 800m Tel Aviv site

The two companies are expected to win a tender by the Tel Aviv Municipality for land zoned for residential and office construction in the Bitsaron neighborhood.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018