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March 23, 2012 4:00 am

EU, Israel Sign Agreement to Reduce Airline Costs

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El Al aircraft. Photo: wiki commons.

Reuters – Israel and the European Union on Thursday concluded an aviation agreement that is aimed at reducing air fares to and from the Jewish state, the European Union said.

The deal is set to be phased in gradually by 2017 and will allow all EU airlines to fly direct to Israel and Israeli carriers will be able to operate flights to airports throughout the EU, the statement said.

“The … agreement … is very important for further strengthening the overall economic, trade and tourism relations between Israel and the EU,” said Siim Kallas, vice-president of the European Commission and commissioner for transport.

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