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...
(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...
EL Al managed to turn a minimal profit during the second quarter of 2019, reporting profits/of $84,000, after losing $18 million in Q1 of 2018. While El Al dropped to carrying 25.7% of the passengers in and out of Ben Gurion Airport,...
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...
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...
El Al announces plans to expand its partnership with Viasat in order to provide high speed internet to all of its planes. Currently, El Al’s new 787 Dreamliners are equipped with the Viasat system. El Al will now install the system in...
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...
Arkia has added a number of international destination to its winter flight schedule. The company will fly twice weekly to Rome, Prague, Athens, as well as, to Goa and Chochin in India. With the closing of Tel Aviv’s Sde Dov Airfield, Arkia...
El Al, Israel Airlines, is in serious difficulty, after a year and a half of pandemic. The Israeli government has put far more restrictions on air travel than almost any government, except for Australia and New Zealand. Moreover, the government or, more...
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...
