Israir to launch Tel Aviv - Dubai flights next month

Israir Photo: PR
Israir Photo: PR

Israir will market four-night vacation packages to the UAE starting from $700.

Israir Airlines and Tourism Ltd. is expected to launch Tel Aviv - Dubai flights next month. The first flight on October 2 at 10am to Dubai already appears on the Ben Gurion airport flight schedule although the Israeli carrier has yet to receive an official permit from the UAE. The flight over Saudi airspace takes three and a half hours.

Israir will market four-night vacation packages to the UAE starting from $700. Israir will likely be the first carrier flying what is likely to become one of the most popular routes flying between Ben Gurion Airport and Dubai and Abu Dhabi in the UAE. El Al Israel Airlines Ltd. (TASE: ELAL) when it restarts operation will operate passenger and cargo services as will the two huge UAE airlines - Abu Dhabi based Etihad Airways and Dubai based Emirates.

The opening of the route will enormously shake up Israel's airlines, which in Etihad and Emirates will have to compete with two of the world's finest airlines.

Israeli aviation expert Yossi Fischer said, "Israeli aviation is going to completely change. The UAE is the world's strongest aviation power. Above and beyond its influence on passengers flights and mainly connection flights to eastern destinations, the change will also be expressed in cargo transport. 90 million passengers and two million tons of good pass through Dubai airport each year."

He adds, "The UAE understands what a wonderful opportunity they have and they know the Israeli market well through the companies that they own such as Air Serbia and Alitalia including the traveling habits of Israelis going east, mainly on connection flights with Turkish Airlines, and Aeroflot. Those two companies will pay a heavy price because Israeli traffic to East Asia, Australia and Africa will now go through the UAE, which will also have a price advantage. It will also affect smaller players like Royal Jordanian, Ukraine International and Ethiopian Airlines. The agreement for the UAE airlines is coming at an excellent time because they are experiencing a huge fall in passenger traffic because they are based on transit flights.

en.globes.co.il - on September 9, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Israir Photo: PR
Israir Photo: PR
Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA The Metro is really happening

Although there are skeptics who doubt that the project will ever be realized, there are now enough signs on the ground to indicate that they are probably wrong.

Ben Gurion airport Terminal 1 credit: Shutterstock Ben Gurion airport's Terminal 1 reopens

Terminal 1 at Ben Gurion airport reopened yesterday to domestic flights, while international flights will start using the terminal from Sunday, March 30.

Minister of Interior Moshe Arbel credit: Cadya Levy Interior Minister: There is no deep state in Israel

Minister of Interior Moshe Arbel told the Globes Services conference that civil servants are dedicated employees who serve the public.

Minimum wage credit: Tali Bogdanovsky Minimum wage in Israel to rise next week

The monthly minimum wage in Israel will be revised upwards by 6%.

Bank of Israel  credit: Shutterstock/Alon Adika Bank of Israel slams gov't fiscal policy

Governor Prof. Amir Yaron wrote in the annual report that the government's measures are not enough to ensure a sustained decline in debt-to-GDP ratio.

Minister of Justice Yariv Levin credit: Noam Moskovitz Knesset Spokesperson Knesset passes Judicial Selection Law

The new law makes judicial appointments subject to political control.

Airbnb credit: Reuters Knesset ignores Airbnb tax evasion loophole

The Israel Hotels Association has slammed the government's indifference to tax evasion by Airbnb landlords, which it insists promotes unfair competition.

GMT CFO Eran Tibon credit: PR Political tensions tempt Israelis to move funds abroad

According to data from advanced financial services company Global Money Transfer, steps taken by the Israeli cabinet to oust Shin Bet chief Ronen Bar, and Attorney General Gali Baharav-Miara, could cause capital to flee Israel.

Sde Dov credit: Guy Yehieli Tenders close for 2,744 more homes in Sde Dov

Four tenders closed last month for the north Tel Aviv district saw a decrease of about 40% in the prices of land, and there is great interest in the prices these latest tenders will fetch.

Rafael CEO Yoav Turgeman credit: Rafael Spokesperson Rafael CEO: Iron Beam will be ready in 2025 as promised

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Tel Aviv credit: Shutterstock Rent rises moderate due to emigration and reserve duty

Rents only rose 4% in 2024, the Bank of Israel reports, despite the large number of evacuees, due to the negative migration balance and the large number of young people in the army reserves.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's: Political risks weigh on Israel's rating

"Israel's sovereign credit profile reflects very high political risks that have weakened economic and fiscal strength."

Stef Wertheimer  credit: Reuters Industrialist and philanthropist Stef Wertheimer dies aged 98

Wertheimer founded Iscar, which was sold to Warren Buffett's Berkshire Hathaway, and was behind many industrial and social initiatives, as well as having a brief political career.

Island founders Dan Amiga and Mike Fey credit: Antonio Delucci Browser security co Island raises $250m at $5b valuation

The company has developed a communications technology that enables fast remote connection to corporate computers.

Yossi and Shlomi Amir  credit: Jonathan Bloom Shufersal doubles annual profit

Streamlining measures by brothers Yossi and Shlomi Amir since they took control have vastly improved the supermarket chains profitability metrics.

Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018