Tag Archives: Boeing 787-9 Dreamliner

El Al Israel Airlines announces 2Q and 1H financial results

Named "Tel Aviv - Jaffa", delivered on February 22, 2018

El Al’s revenues in the second quarter of 2018 amounted to approx. $547 million (US) compared to approx. $541 million in the second quarter of 2017, indicating a growth of about 1%;

Gross profit amounted to approx. $69 million compared to approx. USD 107 million in the second quarter of 2017;

Loss from operation amounted to approx. $13.7 million compared to a profit of $27 million in the second quarter of 2017;

Net loss in the second quarter of 2018 amounted to approx. $18.2 million compared to profit approx. $16.4 million in the second quarter of 2017;

Market share from passenger traffic at Ben Gurion Airport in the second quarter of 2018 decreased to approx. 26.7% compared to approx. 29.5% in the second quarter of 2017;

Aircraft Load Factor in the second quarter of 2018 stood at 83.5% compared to 84.3% in the second quarter of 2017;

The Company’s available seat kilometer (ASK) increased by about 3% and revenue Passenger Kilometer (RPK) increased by about 2%;

Average total income per RPK (Yield) dropped by about 1%;

The Company’s cash and deposit balances as of June 30, 2018 totaled approx. USD 280 million;

The Company’s equity as of June 30, 2018 totaled approx. USD 267 million;

Cash flow from operating activities in the second quarter of 2018 amounted to approx. USD 56 millioncompared to approx. USD 101 million in the second quarter of 2017;

EBITDA amounted to USD 25.4 million compared to USD 70 million in the second quarter of 2017;

The Company’s revenues for the first six months of 2018 amounted to approx. USD 1,007 millionCompared to USD 959 million in the first six months of 2017, reflecting a growth of about 5%;

Loss from operation for the first six months of 2018 amounted to approx. USD 66.3 million Compared to USD 7.1 million in the first six months of 2017;

Net loss for the first six months of 2018 amounted to approx. USD 62.1 million Compared to USD 13.6 million in the first six months of 2017.

Gonen Usishkin, El Al’s CEO:

“During the second quarter of 2018, EL Al recorded an increase in revenues compared to the second quarter of 2017, while coping with the challenges and the intensified and increased competition posed by foreign airlines, in particular low cost airlines.

During the second quarter of 2018, the Company dealt, among others, with the sharp increase in fuel prices, which was the main reason for the increase in expenses in the second quarter of the year.

We continue implementing our Dreamliner Acquisition Program. Thus far, we have received six aircrafts, the last of which arrived yesterday, and we are about to receive another aircraft by the end of 2018. Our Aircraft Acquisition Program is being implemented as planned, in line with the schedule agreed upon, and the Company continues to take the necessary steps required by the program. The demand for seats on Dreamliners is high and customer satisfaction meets the Company’s expectations.

Sales of airline tickets to European destinations commenced in the second quarter for flights starting in October, based on our new sales model of which we have already announced. The new model allows the passenger to choose the flight package best suites to his needs, to all destinations in Europe, and pay for the package based on his choice. This model is expected to enhance EL AL’s ability to more efficiently compete with all players in the European market, in particular, low cost airlines.

Once the pilot phase has been completed, we started offering Wi-Fi service on flights to Europe on 15 of the Company’s airplanes, and we intend to expand the service to other airplanes and destinations.

EL AL’s Frequent Flyer Club, both in Israel and overseas, and in particular the FLYCARD credit card, serve as a significant growth engine, which is translated into an impressive expansion trend. The number of credit card holders currently stands at about 280 thousand and the number of EL AL’s Frequent Flyer Club members has now reached the 2 million mark. In the last month we announced a modification to the terms of accumulation and redemption of points by club members and credit card holders, which will be effective as of April 2019.  This modification simplifies the accumulation method, which will now be based on cash expenses, and expands the possibilities to redeem points.

We keep accelerating the optimization of all wide-body aircrafts. To enhance customer service following the acquisition of the Dreamliner fleet, El Al is preparing for an early removal from service of the 767 aircraft fleet by the beginning of 2019.”

Dganit Palti, El Al’s CFO, noted as follows:

“In the second quarter of 2018, the Company recorded further growth in revenues despite the challenges of increased competition, expressed by the volume of traffic and the number of active players at Ben Gurion Airport. Alongside this, an increase in expenses was recorded, mainly due to the rise in jet fuel prices and the new Dreamliner aircrafts’ lease expenses.

In June 2018, the Company took a USD 145 million loan from foreign banks and Japanese investors to finance the acquisition of the 787-9 aircraft received this month.

Furthermore, on August 10, 2018 the Company received another 787-9 aircraft under ownership, which it financed with a USD 125 million loan from a foreign bank, backed by a UKEF guarantee. With this, the Company has six aircraft of this model – three owned and three leased.

The Company’s cash balances of USD 280 million and its cash flow from operating activities to be used for the continued implementation of the Acquisition Program.”

 

Highlights for the three and six-month periods ended June 30, 2018 (in USD millions):

January-June

April-June

2018

2017

Change

2018

2017

Change

Operating revenues

1,007

959

6%

547

541

2%

Operating expenses

(907)

(810)

13%

(478)

(434)

11%

Gross profit

100

148

(33%)

69

107

(36%)

EBITDA

12

81

(85%)

25

70

(64%)

Profit (loss) before taxes on income

(80)

(17)

(373%)

(23)

22

(207%)

Profit (loss) for the period

(62)

(14)

(359%)

(18)

16

(211%)

 

Profit and Loss Results for the three months periods ended June 30, 2018

1. Operating revenues – operating revenues in the reported period increased by approx. 1.1%, indicating an growth of approx. USD 5.8 million compared to the second quarter of 2018, It should be noted, that passenger revenues in the reported period decreased by 3.4 million USD as a result of the implementation of IFRS-15, according to which payments for compensation to passengers have to be recorded as a revenue reduction instead of an expense within the operating .After neutralizing this revenues from passengers increased by approx. 1.8%, representing a growth  of approx. USD 8.7 million.  This increase in passenger revenues is primarily attributable to the growth in passenger revenue per kilometer (RPK) flown by the Company and a positive impact of exchange rates of currencies in which some of the Company’s sales transactions are made, in relation to the dollar, which were partially offset by a decrease in the yield per ton-kilometer. Cargo revenues decreased by approx. 1.1% (about USD 0.4 million) and other revenues decreased by approx. USD 2.4 million.

2. Operating expenses – operating expenses in the reported period increased by approx. USD 43.9 million, indicating a growth of about 10.1% compared to the second quarter of 2017. The increase in operating expenses is primarily attributable to an increase of USD 31.4 million in jet fuel expenses; an increase of USD 9.5 million in aircraft lease expenses, mainly due to lease of three 787-9 Dreamliners that were not included among the Company’s aircrafts in the second quarter of 2017; and an increase of USD 5 million in expenses for fees, services and airspace transit fees, mainly due to the increased fee rates paid by the Company to the Israel Airport Authority for its operations at Ben Gurion Airport, and the strengthening of the euro compared to the dollar. It should be noted that the increase in operating expenses was offset by the presentation of payments in respect of passenger compensation as a decrease in income, as mentioned above.

3. Jet fuel expenses – the Company’s jet fuel expenses in the second quarter of 2018 increased by approx. USD 31.4 million (an increase of 29.5%) compared to the second quarter of 2017, mainly as a result of the increase in jet fuel prices, offset in part by the change in the results of jet-fuel hedging transactions.

The table below demonstrates the impact of jet fuel expenses on the Company’s results for the second quarter of 2018, including the impact of hedging transactions (in USD millions):

 

2018

2017

Difference

Jet fuel expenses for the period (before hedging impact)

147.0

106.3

40.7

Impact of jet fuel hedging transactions on profit and loss

(9.1)

0.2

(9.3)

Total jet fuel expenses (including hedging impact)

137.9

106.5

31.4

 

4. Selling expenses – selling expenses in the second quarter of 2018  increased by approx. USD 2.3 million compared to the second quarter of 2017, mostly due to an increase in the Company’s distribution expenses. It should be noted that USD 0.8 million represents an increase in distribution expenses due to the change in the accounting presentation of fees for interline sales, previously presented as a decrease in revenues.

5. Financing expenses – net financing expenses in the second quarter of 2018 amounted to approx. USD 8.7 million, compared to USD 4.6 million in the second quarter of 2017. This increase is primarily attributable to an increase in exchange rate differences in respect of the Company’s NIS balances, and the increase in interest expenses following the increase in the amount of loans taken by the Company over the second quarter of 2018 compared to the second quarter of 2017, as a result of receiving a 787-9 Dreamliner under ownership at the end of March (the second aircraft was received by the Company towards the end of the second quarter, without affecting financing expenses).

6. Loss before tax  – loss before tax in the reported quarter totaled approx. USD 23.4 million compared to profit before tax of approx. USD 21.8 million in the second quarter of 2017.

7. Loss for the period – loss for the period amounted to approx. USD 18.2 million compared to a profit of USD 16.4 million in the second quarter of 2017, which constituted 3% of the turnover.

Profit and Loss Results for the six-month period ended June 30, 2018

1. Operating revenues – operating revenues in the reported period increased by approx. USD 48.5 million, indicating a growth of about 5.1% compared to the second quarter of 2017. It should be noted, that passenger revenues in the reported period decreased by 6.8 million USD as a result of the implementation of IFRS-15, according to which payments for compensation to passengers have to be recorded as a revenue reduction instead of an expense within the operating expenses. After neutralizing this, revenues from passengers increased by approx. USD 42.7 million (5.0%) and revenues from cargo increased by approx. USD 6.6 million (9.2%). The increase in passenger revenues is primarily attributable to the growth in passenger revenue kilometer (RPK) flown by the Company, the increase in the yield per ton-kilometer and the positive impact of exchange rates of currencies in which some of the Company’s sales transactions are made, in relation to the dollar. The increase in cargo revenues in the reported half year is due to the increase in cargo volume as well as the impact of changes in exchange rates and a change in the implementation of an accounting standard, offset by price reduction.

2. Operating expenses – operating expenses in the reported period increased by approx. USD 103.7 million (a 12.8% growth) compared to the second quarter of 2017. This increase is attributable to a number of factors, including, inter alia, an increase of USD 54 million in jet fuel expenses, as elaborated below as well as increase of USD 18.2 million in aircraft lease expenses, mainly due to the receipt of three 787-9 Dreamliners. Moreover, operating expenses in the first half year were affected by the following factors: the growth in operations, a USD 10 million increase in payroll expenses mainly due to the impact of the strengthening of the shekel compared to the dollar, the Minimum Wage Update and a USD 10.7 million increase in expenses for fees and services, mainly as a result of the increased fee rates paid by the Company to the Israel Airport Authority for its operations at Ben Gurion Airport, among others, due to a decline in the Company’s market share at Ben Gurion Airport, which led to a decrease in discount rates obtained by the Company. It should be noted that the increase in operating expenses was offset by the presentation of payments in respect of passenger compensation as a decrease in income, as mentioned above.

The table below demonstrates the impact of jet fuel expenses on the Company’s results for the second quarter of 2018, including the impact of hedging transactions (in USD millions):

 

2018

2017

Difference

Jet fuel expenses for the period (before hedging impact)

264.5

197.8

66.7

Impact of jet fuel hedging transactions on profit and loss

(13.5)

(0.8)

(12.7)

Total jet fuel expenses (including hedging impact)

251.0

197.0

54.0

 

3. Loss for the period – loss before tax for the period amounted to approx. USD 80.3 million and loss after tax amounted to approx. USD 62.1 million reflecting 6.2% of the turnover, compared to a loss before tax of USD 17.0 million in the second quarter of 2017, and loss after tax of USD 13.6 million, reflecting 1.4% of the turnover.

Balance Sheet Data as of June 30, 2018:

1. Current assets – amounted to approx. USD 577 million, indicating a growth of approx. USD 58.5 million compared to their balance as of December 31, 2017. This growth mostly resulted from a seasonal increase in accounts receivable and prepaid expenses as well as increase in the fair value of jet fuel derivatives.

2. Current liabilities – totaled approx. USD 1,008 million, indicating an increase of approx. USD 51.7 million compared to their balance as of December 31, 2017. The change is attributable to a seasonal increase in prepaid revenues from sales of airline tickets, offset in part by a decrease in accounts payable balances as well as provisions and liabilities to employees (among othes, due to a payment in respect of the compromise agreement with the Assessment Officer).

3. Working capital – the Company had a working capital deficit of approx. USD 431.1 million compared to a deficit of approx. USD 437.9 million as of December 31, 2017. It should be noted that a substantial part of the working capital deficit does not reflect short-term cash flows, as explained below. As of June 30, 2018, the Company’s current ratio increased to 57.2% compared to 54.2% as of December 31, 2017.

As of June 30, 2018, the working capital deficit consists of substantial components included in the current liabilities section and characterized by current business cycle; however, the Company is not required to use cash-flow sources in the short term in order to repay these components: prepaid revenues from sale of airline tickets and the Frequent Flyer Club totaling approx. USD 433 million, to be settled by providing future flight services, and liabilities to employees for vacation pay in the amount of approx. USD 45 million, which are expected to be paid upon retirement but classified as a short-term liability in accordance with accounting principles. Current liabilities also include loans to finance advance payments on the 787 aircrafts, to be repaid through long-term financing obtained upon receipt of aircrafts. As of June 30, 2018, the amount attributable to these loans of the total current liabilities stands at approx. USD 65 million.

4. Non-current assets – amounted to approx. USD 1,531.9 million, showing a growth of approx. USD 198.9 million compared to their balance as of December 31, 2017, mainly due to the receipt of two 787-9 Dreamliners owned by the Company during the reported period and advance payments for the acquisition of the 787 aircrafts that have not yet been received, less current depreciation.

5. Non-current liabilities – totaled approx. USD 834.0 million, reflecting an increase of approx. USD 217.1 million compared to December 31, 2017. This increase was primarily attributable to two loans obtained by the Company to finance the acquisition of two 787-9 Dreamliners.

6. Equity – amounted to approx. USD 266.8 million. The decrease of approx. USD 11.4 million compared to equity as of December 31, 2017 was mainly attributable to the loss for the half year, which was partially offset by a USD 35.7 million increase in equity following the implementation of IFRS 15 – “Revenue from Contracts with Customers” (see note 7.A to the condensed financial statements), and improvement in the cash flow hedge fund, due primarily to jet fuel transactions carried out by the Company.

Top Copyright Photo (all others by El Al): El Al Israel Airlines Boeing 787-9 Dreamliner 4X-EDC (msn 38086) PAE (Nick Dean). Image: 941027.

El Al aircraft slide show:

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Korean Air is coming to Boston

First flight on December 9, 2017

Korean Air is launching new nonstop service between Boston and Seoul on April 12, 2019 in cooperation with joint venture partner, Delta Air Lines.

37285802_1887492851294030_6860463004064940032_o.jpg

The new Boston flight, along with new Minneapolis/St. Paul-Seoul service that Delta is launching in 2019, are the first additions to the joint venture’s Seoul-Incheon network since the two carriers launched their partnership in May.

19956140_1474255475951105_9060485942155371745_o.jpg

The Boston-Seoul service will be operated on Korean Air’s new 787-9 Dreamliner aircraft featuring six First Class sleeper suites, 18 Prestige business class sleeper suites, and 245 seats in economy class.

First Class features farm-to-flight meals with food grown at the airline’s own farm on Jeju Island, a 23-inch high-resolution monitor, luxurious duvet and bedding, in-flight comfort clothing by Gianfranco Ferre, and DAVI-branded amenity kits with five different luxury cosmetic products. First class customers also can enjoy the exclusive benefits of a dedicated check-in lounge and First Class lounge at Incheon Airport.

Korean Air’s Prestige Suites offer private 21-inch wide flatbed seats spaced 75 inches apart with direct aisle access. Onboard, Prestige customers enjoy Korean Air’s award-wining food and wine program and a premium DAVI amenity kit.

Meanwhile, Korean Air’s economy class is among the industry’s most comfortable, with 33-34 inches between seats, a 10.6-inch high-resolution personal monitor and a variety of meal options.

With the launch of Boston and Minneapolis/St. Paul, Korean Air and Delta will offer up to 29 flights a day between 14 gateways in the U.S. and Asia. From Korea alone, the joint venture partners will offer over 115 weekly flights to 13 U.S. destinations, an increase of over 10% from summer 2018. By combining both airlines’ schedules, customers have matchless travel options while enjoying improved reciprocal frequent flier benefits.

Korean Air’s new nonstop service between Boston and Seoul:

 
Route Flight Number Departure Arrival Aircraft Days of Operation
Boston(BOS) – Incheon(ICN) KE090 13:30 16:50*1 (+1 day) B787-9 Tue, Wed, Fri, Sat, Sun
Incheon(ICN) – Boston(BOS) KE089 09:30 10:30 B787-9 Tue, Wed, Fri, Sat, Sun

Date and schedule is subject to change (starts April 12, 2019).

Top Copyright Photo (all others by Korean Air): Korean Air Boeing 787-9 Dreamliner HL8085 (msn 34814) PAE (Nick Dean). Image: 940284.

Korean Air aircraft slide show:

QANTAS to operate the Boeing 787-9 to Hong Kong

QANTAS Airways Boeing 787-9 Dreamliner VH-ZNA (msn 39038) LHR (SPA). Image: 942447.

QANTAS Airways has announced Hong Kong as the next destination for its Boeing 787-9 Dreamliner.

From December 2018*, customers travelling on selected QANTAS flights to Hong Kong will experience the Dreamliner’s next generation Economy, Premium Economy and Business class cabins:

  • Brisbane to Hong Kong from 19 December 2018
  • Melbourne to Hong Kong between 13 December 2018 until 29 March 2019
  • Sydney to Hong Kong from 30 March 2019.

The changes are timed with the arrival of QANTAS’ eighth Dreamliner and will join the national carrier’s Airbus A330 and A380 aircraft that also fly to Hong Kong.

Hong Kong joins Los Angeles, New York, London and San Francisco as international destinations served by the QANTAS Dreamliner, as the more efficient aircraft gradually replaces the 747 on key routes.

QANTAS’ Dreamliner carries 236 passengers across three cabins. It features the latest version of the airline’s Business Suite, nicknamed “mini First Class” by some frequent flyers, as well as a next generation Premium Economy seat and a significantly improved Economy seat with extra storage compartments and more legroom.

QANTAS will also bring forward the peak season upgrade of one of its two daily Sydney-Hong Kong flights from a 747 to the A380 aircraft to early December, offering four cabins on the route including First Class through to the end of March 2019.

 

Summary of changes

Route Frequency Details
Brisbane – Hong Kong (QF97/98) Daily 789 to operate one day per week from 19 December 2018, increasing to two days per week from 30 January 2019. A330 to operate all other days.
Melbourne – Hong Kong (QF29/30) Daily 789 to operate five days per week from 13 December 2018, increasing to six days per week from 28 January to 29 March 2019. A330 to operate all other days.
Sydney – Hong Kong (QF127/128 and QF117/118) Double daily 789 to operate six days per week from 30 March 2019. A330 to operate all other services, with A380 operating daily during peak season.

Fares for 787 flights to Hong Kong are available via qantas.com and through Travel Agents progressively from today.

*Subject to Government and regulatory approvals.

In other news, QANTAS Freight will launch a new direct seasonal freight service from Darwin to Hong Kong*, supporting producers in Northern Australia to respond to growing demand from Asia.

The new service – which will be the only direct cargo link between the Northern Territory and Hong Kong – will provide capacity to carry up to 50 tonnes of fresh produce such as chilled meat, seafood, dairy, fruit and vegetables, as well as general cargo. It will provide local producers with the opportunity to get their products into Asia faster and fresher, potentially extending the shelf life and profitability of quality Australian exports.

Commencing in late August, the weekly Boeing 767-300F service will depart Darwin on Sunday night and arrive in Hong Kong six hours later at 11pm local time.

The QANTAS Group is a long-term investor in the Northern Territory, stimulating tourism and providing vital connectivity for the region. In FY17, the QANTAS Group contributed more than $150 million to the Territory economy, including employing 400 people locally as well as tourists spending with local businesses.

QANTAS currently carries freight to over 20 destinations in Asia, including locations in China, Japan, Indonesia, Thailand and Vietnam.

Top Copyright Photo (all others by QANTAS): QANTAS Airways Boeing 787-9 Dreamliner VH-ZNA (msn 39038) LHR (SPA). Image: 942447.

QANTAS aircraft slide show:

United Airlines to purchase 25 new Embraer E175 and 4 new Boeing 787-9 aircraft

United Airlines Boeing 787-9 Dreamliner N17963 (msn 37812) LHR (SPA). Image: 942824.

United Airlines today announced orders to purchase 25 new Embraer E175 and 4 new Boeing 787-9 aircraft.

United expects to take delivery of the Embraer E175 aircraft in 2019 and expects to take delivery of the Boeing 787-9 aircraft in 2020.

The 25 new E175 aircraft will replace 25 CRJ700 aircraft currently being flown by our United Express partners. These new E175 purchases will allow United to offer a more comfortable and efficient aircraft to its customers.

The new 787-9 aircraft are part of United’s widebody fleet replacement strategy. The 787-9 is the longest-range version of the aircraft, while using 20 percent less fuel than older-generation aircraft. It will offer the airline’s all-new United Polaris business class seats and other modern amenities to provide a superior onboard experience to United’s customers.

Boeing also made the announcement:

Boeing and United Airlines announced the carrier has expanded its commitment to the 787 Dreamliner program with a repeat order for four more 787-9 airplanes. The deal, valued at about $1.1 billion per current list prices, was finalized this year and was listed as unidentified on Boeing’s Orders & Deliveries website.

The 787-9 is the longest-range Dreamliner with the ability to fly up to 7,635 nautical miles (14,140 kilometers), while using 20 percent less fuel than older generation airplanes. In United’s three-class configuration, the 787-9 seats about 250 passengers. The Chicago-based carrier also operates the smaller 787-8 and will be the North American launch customer of the larger 787-10.

United Airlines is one of the leading global carriers that have taken full advantage of the Dreamliner’s superior range and fuel efficiency, having deployed the 787 on some of the longest routes such as Houston to Sydney and San Francisco to Singapore. In all, the 787 Dreamliner family has made possible more than 180 new non-stop routes.

With this latest purchase, United Airlines has now ordered 55 787 Dreamliners. Nearly half of all 787 customers have placed repeat orders for the airplane.

The 787 is the fastest selling twin-aisle airplane in history with nearly 1,400 sold and more than 700 delivered to customers. Since entering service in 2011, the 787 family has flown more than 255 million passengers while saving an estimated 25 billion pounds of fuel.

Top Copyright Photo: United Airlines Boeing 787-9 Dreamliner N17963 (msn 37812) LHR (SPA). Image: 942824.

United Airlines aircraft slide show:

 

El Al launches new in-flight Wi-Fi system, powered by Viasat

El Al Israel Airlines Boeing 787-9 Dreamliner 4X-EDB (msn 42117) LHR (SPA). Image: 941028.

El Al Israel Airlines announced it officially launched its new fast, reliable commercial in-flight Wi-Fi service, powered by global communications company, Viasat.

El Al was Viasat’s European launch customer. Since first announcing their relationship, both companies undertook broad market studies focused on in-flight Wi-Fi passenger demand, engagement and service offerings, including a customer beta phase to determine internet package types. El Al also began to re-energize its fleet taking on new Boeing 787 Dreamliners—a recent addition to Viasat’s certified platforms.

As of today, 15 El Al aircraft have been outfitted with Viasat’s latest equipment, providing high-speed connectivity to El Al’s mix of Boeing 787 Dreamliners, Boeing 737-900 aircraft and Boeing 737-800 planes. By mid-2020, EL AL expects to have the majority of its fleet connected with the Viasat service.

First high-speed Wi-Fi flight
Earlier this week, El Al held its “inaugural high-speed Wi-Fi service flight,” which flew from Tel Aviv to Paris on one of its new Dreamliner aircraft. There were 128 devices connected—many that were streaming movies, videos, music and even the World Cup semifinal. More than half of the passengers were filming and streaming videos—some via Facebook Live, while others were capturing and uploading videos and pictures of their journey, which they posted to multiple social media sites from Facebook and Instagram to Twitter.

Service packages
El Al will offer three internet service packages:

  • Basic: Passengers can use their smartphones and tablets for instant messaging applications such as WhatsApp, to access email and browse El Al’s free sites. The package is free during the launch period.
  • Social: This package builds on the Basic plan, letting passengers use their smartphones and tablets to access instant messaging applications, email, free site browsing and for viewing short videos of up to three minutes. This package cost per passenger per flight is $9.99, with discounted rates for Matmid Frequent Flyers and FLYCARD holders.
  • Business: This premium plan lets passengers use their smartphones, tablets and laptops for instant messaging, email and free site browsing. Unlike the other plans, users of the Business package gain additional connectivity capabilities, including streaming movies, music and more as well as VPN access. Package cost per passenger per flight is $19.99, also with discounted rates for Matmid Frequent Flyers and FLYCARD holders.

During the introductory trial period for international flights from Europe to North America, El Al will offer the service free of charge until the fourth quarter of 2018.

About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere they are—on the ground, in the air or at sea.

Copyright Photo: El Al Israel Airlines Boeing 787-9 Dreamliner 4X-EDB (msn 42117) LHR (SPA). Image: 941028.

El Al aircraft slide show:

 

Norwegian is coming to Tampa

Dedicated to Joseph de Montgolfier, French Inventor

Norwegian will launch a new route to Tampa. Beginning on October 31, the airline will offer twice-weekly service from London’s Gatwick Airport aboard a Boeing 787 Dreamliner.

Top Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWA (msn 63315) (Joseph de Montgolfier, French Inventor) LGW (Antony J. Best). Image: 942326.

Norwegian (UK) aircraft slide show:

Reuters: El Al Airlines drops plans to buy Israir

Named "Bat Yam"

From Reuters:

El Al Israel Airlines said on Wednesday it had scrapped its bid to acquire smaller low-cost rival Israir from IDB Tourism amid opposition from competition regulators.

A year ago, El Al – Israel’s flag carrier – reached a deal for its Sun d’Or unit to pay up to $24 million for Israir, which flies to the southern resort of Eilat and a host of European cities.

Sun d’Or flies to about 17 destinations in France, Italy, Switzerland, Greece and elsewhere in Europe.

Earlier this year, Israel’s Anti-Trust Authority said it opposed the merger since it would prevent El Al from operating flights to Eilat and lead to competitive concerns resulting from El Al’s control of security services at all Israeli airlines.

El Al, which argued that flights to Eilat were economically unjustified, appealed against the decision but decided to drop that appeal on Wednesday.

“In view of the passage of time from the signing of the purchase agreement and the expected time to complete the appeal process the parties were required to negotiate the commercial terms in which the agreement could be kept in place,” El Al said.

“Since the negotiations failed and no agreement was reached, the parties … withdrew the appeal.”

The withdrawal came hours before a preliminary hearing in front of an anti-trust tribunal.

“El Al and Israir will therefore be unable to consummate the merger,” the anti-trust authority said. (Reporting by Steven Scheer; Editing by Mark Potter)

Top and Below Copyright Photos: The newest Dreamliner is named “Bat Yam”. El Al Israel Airlines Boeing 787-9 Dreamliner 4X-EDE (msn 63393) PAE (Nick Dean). Image: 942476.

Named "Bat Yam"

El Al aircraft slide show: