Israeli Airlines Threaten Strike From Sunday if Cabinet Approves EU Open Skies Agreement

El Al shares sank 6 percent on Tel Aviv Stock Exchange on news of impending vote on pact, as investors fear further damage to carrier's bottom line.

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The trade union committees of Israeli airlines El Al, Arkia and Israir threatened Thursday to go out on strike starting Sunday if the cabinet approves the open skies agreement between Israel and European Union...