Delta resumes flights to Israel
Delta Air Lines has restarted daily flights from New York’s JFK airport to Tel Aviv, adding 2,000 weekly seats on the popular New York route. The move comes two weeks after chief rival United Airlines resumed its service to Tel Aviv, and ahead of the busy Passover and Easter travel season.
Startup investment – to 6th Apr 25
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Exits, takeovers, and mergers to 6th Apr 25
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Lemonade’s $1 billon of fizz
Israel’s Lemonade, the AI-powered digital insurance firm (see previously) has passed $1 billion of In Force Premium (IFP). It marks a significant milestone for the company, achieved just 8.5 years after selling its first policy.
New El Al route to Albania
El Al is launching direct, nonstop flights, 3 times a week, between Tel Aviv and Tirana, Albania, through its low-cost subsidiary, Sundor. Albania only has 60 Jewish citizens, but is building two Jewish museums, in Tirana and Vlora. Other sites include a Holocaust museum and Shimon Peres Square.
More flights to Bucharest
Israeli airline El Al has signed a codeshare agreement with Romanian state-owned TAROM Airlines. The number of weekly flights on the Tel Aviv to Bucharest route will increase to 18, and the first flight under the new agreement was scheduled to begin on Apr 1.
AI translating all TASE reports into English
The Tel Aviv Stock Exchange (TASE) has commissioned Israel’s TipRanks, to develop a AI-based system to translate listed company reports into English. It is part of the initiative to increase global investors' exposure to the 487 TASE-listed companies.
Wiz exit could net Israel $3.5 billion
If the US approves Alphabet’s $32 billion takeover of Israel’s Wiz, the country’s coffers would receive at least $3.5 billion of tax revenues. And as Lior Prosor writes, “it’s a watershed for Israel’s tech ecosystem and a guiding light for other promising tech enterprises.”
A billion Euros for Israeli research
Israeli researchers and companies have secured over 1.1 billion Euros in grants (2021 – 2024) from the European Union’s Horizon Europe program. The 600+ Israeli researchers and 400+ Israeli companies were honored at Jaffa’s Peres Center for Peace and Innovation.
Startup investment – to 30th Mar 25
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