Business in Brief


Just the ticket: El Al offers Election Day deals

El Al has announced a special promotion for Monday and Tuesday (which also happens to be Election Day ), when travelers will be able to buy discounted tickets for departures between April 8 and June 29. The airline is offering flights to a number of international destinations at reduced prices. So how much can travelers expect to save? Up to $150 to Europe; up to $200 to North America; and up to $300 to the Far East and South Africa. El Al will also allow travelers to sign up for its frequent flier club free of charge during thesee two days. Around 15,000 tickets will be allocated toward the promotion. Tickets to Rome and Berlin will start at $349; Barcelona at $449; Amsterdam $469; and New York and Hong Kong at $999. "Election Day is a national holiday," said Einat Yanai, the airline's head of marketing, explaining that people have free time for leisure and shopping. "We're allowing passengers to get a head start on their spring holidays." (Zohar Blumenkrantz )

Electric Corp. workers pulling the plug on new private power producers

Employees of the Israel Electric Corporation decided over the weekend to stop connecting private electric producers to the electricity network, in protest over the opening of the electricity sector to competition. The refusal includes connections of all sizes, from private households with rooftop solar panels all the way up to the new large gas-powered private power stations. The official reason for the labor sanctions by the IEC union is the lack of a new wage agreement. The previous agreement expired at the end of 2012. But even the union admits the real motive is to prevent the opening of the electricity industry to competition - before the union and management have agreed to reforms within the company. The union says that while talks on reforms are being delayed, in practice the reforms are being implemented and the new producers will eat away at the IEC's share of the market, both in production and distribution. Management is expected to make the new wage agreement conditional on the union agreeing to serious reforms, including layoffs and other cuts. (Itai Trilnick )

An El Al Israel Airlines airplane sitting on the tarmac at JFK Airport in New York.Credit: Bloomberg



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