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
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