Israel to implement antitrust laws to foreign airlines

Victoria
By Victoria April 26, 2013 11:36

Israel to implement antitrust laws to foreign airlines

 

Under the new ‘Open Skies’ agreement between Israel and the European Union, the Israeli Antitrust Commission is planning legislation that would apply the country’s antitrust laws to foreign airlines that fly to Israel.

Currently, Israeli law does not bar most foreign airlines from engaging in anti-competitive trade practices even though they provide service to Israel and compete with homeland carriers. It only applies to Israeli carriers and foreign airlines whose primary business is providing service to and from Israel.

The proposed law would put Israeli carriers and foreign airlines on a more even playing field and entitle consumers and Israeli airlines to sue for triple the actual damages resulting from violations of Israeli antitrust law. The triple damages are an effort to deter anti-competitive practices.

Victoria
By Victoria April 26, 2013 11:36
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