TOURISM

The Nakash brothers are negotiating to sell control of the Israeli airline to Elliot Zemel.

Israir CEO Uri Sirkis and Ministry of Transport Senior Deputy Director General Or Libis clashed over the issue at the Globes Infrastructures of the Future Conference organized in cooperation with Bank Hapoalim.

The Dutch airline's return flights to Amsterdam will land in Paphos to take on a relief crew.

Following an increase in demand from passengers, El Al, Israir and Arkia have introduced temporary flexibility in their policies for customers wishing to cancel and postpone flights.

Due to the current regional tensions, the move allows air crews to operate without having to stay overnight in Israel.

Wenrix, which has developed a platform based on flight fare prediction algorithms and optimizing booking procedures, is being acquired for up to $300 million.

The dividend being distributed is expected to amount to about $100 million, or approximately $0.18 per share.

TUS IL is due to start commercial operations at the end of the first quarter of 2026.

The Israel Competition Authority has completed its investigation into the airline’s fare policies during the war and will issue an intent to charge letter.

“Globes” can reveal that the first route from Ramon airport that the Hungarian low-cost airline plans will be to Budapest.

A hotelier at heart, Mikey Federmann has built the Dan Hotel chain into a major force in Israeli tourism. But his enormous wealth comes from the family’s controlling interest in defense company Elbit Systems.

The weakening of the yen against the shekel has made prices in Japan very attractive for Israelis observes Eshet Tours VP Shirley Cohen-Orkaby.

The company’s platform enables both boutique hotels and global chains to deliver personalized, automated experiences that drive satisfaction and loyalty.

Analyst Lior Vider explains why the market is missing the big picture and distorting the Israeli airline’s valuation.

The UK low-cost airline has said it could operate flights from Tel Aviv to more destinations than before the war.

Jozsef Varadi made the commitment in a meeting with Minister of Transport Miri Regev, although not all issues have been settled, and the Histadrut threatens disruption.

The airline has found that flights between Israel and Europe will not be sufficient to justify the move.

Even though foreign airlines are returning to Israel, El Al VP Nadav Hanin told the Globes Israel Business Conference that even though the local aviation industry has begun to stabilize, global problems will negatively affect Israel.

The higher profit in the third quarter was achieved despite the return of foreign airlines to Ben Gurion airport and the reduction of El Al's market share in passenger traffic.

The Ministry of Finance seeks to impose a new travel tax, and to reduce the rate at which airlines depreciate their planes.

Despite the return of foreign airlines to Israel, average overall airfares this month are higher than in November 2024.

The airline says it will operate five weekly flights between Terl Aviv and Delhi.

El Al and Arkia are keen to fill the gap left by Air India, but the route will be worthwhile only if Oman allows Israeli planes through its airspace.

Pai Siam has notified its shareholders of a near tripling of the valuation of the land for the King Solomon Hotel. The rights on the land were previously owned by Iranians.

The company achieved a valuation of $6.21 billion, down from the $9.2 billion valuation in its most recent financing round in 2022.

The low-cost Hungarian airline is refusing to set up an Israeli subsidiary, so as to avoid the stricter regulations applied to Israeli carriers.

“Globes” looks at airfares for Passover 2026 and finds that Tel Aviv - New York ticket prices are far higher than before the war.

The Israeli hotel chain is entering the US real estate and tourism market for the first time, with the acquisition of the Manhattan hotel for $125 million.

American Airlines will be the fifth company operating flights between Israel and the US alongside Delta, United, El Al and Arkia.

The new situation provides an exceptional opportunity in terms of low fares for flexible travelers who are willing to fly to and from Israel right now.