A PYMNTS Company

Israel: Open skies agreement with E.U. to increase competition has to wait

 |  December 13, 2012

Israel’s Prime Minister Benjamin Netanyahu has decided to defer the signing of a final open skies agreement with the European Union, which was scheduled to occur on December 20. PM Netanyahu explained that the decision is due to an attempt to avoid making major decisions during election period. The initial agreement was signed last July in efforts to increase competition for Israel’s aviation industry. It is also part of an effort to keep air travel costs low for consumers. The Ministry of Transport has said that the deal would be gradually implemented over the next five years so airlines can prepare for the new “competitive structure” of the sector. The agreement would also grant exemption to the aviation industry under the Antitrust Law and would include a provision that eliminates the need to submit for Antitrust Authority approval code-sharing agreements between carriers around the globe.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Globes

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.