EL AL cancels deal with HAS Advantage Card
Nov 4, 2015, 3:18 am
#18
FlyerTalk Evangelist
Join Date: May 2005
Location: TLV/LHR
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Sorry for bumping this year old thread but it's a short one and totally relevant.
Looks like the investor group behind the HAS card are suing LY for $20.8 million claiming they used confidential materials and business plans created for the joint venture between them for the launch of FlyCard.
They say LY's brutal behavior caused the collapse of their successful business.
This is a link to the statement of claim (in Hebrew I'm afraid...)
http://www.tnet.org.il/upload/[email protected]
Looks like the investor group behind the HAS card are suing LY for $20.8 million claiming they used confidential materials and business plans created for the joint venture between them for the launch of FlyCard.
They say LY's brutal behavior caused the collapse of their successful business.
This is a link to the statement of claim (in Hebrew I'm afraid...)
http://www.tnet.org.il/upload/[email protected]
Nov 7, 2015, 8:32 am
#19
Join Date: Mar 2012
Programs: BA,LH,LY,OK
Posts: 362
Has is suing LY
http://www.hasadvantage.com/lawsuit.html
http://www.hasadvantage.com/lawsuit.html
Nov 7, 2015, 6:06 pm
#21
Join Date: Mar 2008
Location: Israel/United States
Posts: 1,234
US Bank, the Bank which actual held the card for HAS Advantage, quite awhile ago reached an agreement with El Al. No points were lost. You were able to redeem them. They sent all open accounts, i forget the time line a new card. It is an interesting card. It has my US/Israeli Flag picture, but is part of the banks own credit card program. It says VISA on the front and that is that. It DOES redeem for Matmid points, but the Tzededukah component is gone.
I wish Zev Doubler the best of luck if what he is saying is true.
I wish Zev Doubler the best of luck if what he is saying is true.
Nov 7, 2015, 11:02 pm
#22
Join Date: Apr 2009
Location: TLV
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US Bank, the Bank which actual held the card for HAS Advantage, quite awhile ago reached an agreement with El Al. No points were lost. You were able to redeem them. They sent all open accounts, i forget the time line a new card. It is an interesting card. It has my US/Israeli Flag picture, but is part of the banks own credit card program. It says VISA on the front and that is that. It DOES redeem for Matmid points, but the Tzededukah component is gone.
Nov 8, 2015, 12:39 pm
#23
Join Date: Mar 2008
Location: Israel/United States
Posts: 1,234
Nov 16, 2015, 10:26 am
#24
Join Date: Mar 2008
Location: Israel/United States
Posts: 1,234
The lawsuit is covered in today's Arutz 7 ( in English) Verrry interesting and there is no way to determine where the truth really lies. It shall be interesting to see what the courts say.
http://www.israelnationalnews.com/Ne...3#.VkoQooSGrD8
http://www.israelnationalnews.com/Ne...3#.VkoQooSGrD8