Hotel booking platform Splitty announced that it has raised $6.75 million in a series A round of funding led by Fosun RZ Capital, the VC investment arm of Fosun International. 2bAngels, Techstars Ventures, Cockpit Innovation and 11-11 ventures also participated, enabling Splitty...
Rendering of hotel Hilton International announced it has signed a contract to operate the new Hotel Swell being built on the Ashdod beach. The Swell will have 84 rooms with a pool on the roof. It will be located to the north of...
(Update)In a dramatic about face, Arkia announced on July 4th that it would not lay off employees and would find other ways of restructuring. The new announcement came only two days after the initial announcement in which Arkia announced major...
The Turkish Airline, Corendon plans to increase its service to Ben Gurion Airport.  The airline will operate a weekly flight to Cologne, to Nuremberg, as well as flights to the island of Corfu, Perugia Italy, and Sofia Bulgaria. Corendon operates two hubs...
On Sunday evening, Prime Minister Netanyahu made the final decision to close Sde Dov Airport. The decision to abolish the airfield, located inside Tel Aviv along the beach, was vehemently opposed by the people of Eilat, as well as, by the Tel...
787 Arriving to El Al El Al had its worst quarter ever, losing $55 million. The company’s monumental loss is attributed to a number of factors, the most significant of which, is a drop in passengers.  El Al’s income dropped to $429 million...
THE CITY OF EILAT. IN THE PHOTO, GENERAL VIEW OF THE MARINA AND THE HOTELS. העיר אילת. בצילום, מראה כללי של המרינה והמלונות בעיר. In June 2019, a record 365,000 tourist entered Israel. This represents an increase of 17.7% from one of 2018....
Zim experienced a challenging quarter.  Its overall fright carried dropped 4.3%. However, in light of an increase in freight charges, Zim revenue actually rose by 6%. Offsetting the increase in revenue, was the rising price of oil, which caused the company’s losses...
Zim reported the following second quarter results — Financial and Operating Highlights for the Three Months, Ending June 30, 2019: Total revenues were $834.3 million compared to $803.2 million in Q2 2018, a 3.9% increase. ZIM...
American Airlines plans to return to Israel. After its merger with US Air, American flew to Israel for a brief period, after acquiring US Air’s Philadelphia-Tel Aviv route; a route which American terminated soon after the merger. American announced its new destinations...