The CEOs of the two airlines signed a memorandum of understanding today in Sydney.
Ashwani Lohani will visit Israel early next month as a guest of Tourism Minister Yariv Levin.
The Hungarian low-cost airline will begin four weekly flights on June 24 on the new route to Luton Airport.
Management and the Histadrut have said that agreement has been reached over the status and pay of pilots aged 65-67.
The Labor Court sent the parties to conduct marathon talks until Friday.
Japan Airlines, Air India and Qantas are all considering inaugurating Israel flights.
The management's demand that the veteran pilots should give nine training days monthly was rejected out of hand.
The city gained 1,700 hotel rooms in 2015-2016, and 5,000 more will be added over the next five years.
An Israeli tourism company has received an exclusive franchise for issuing official tourist visas for visiting North Korea.
easyJet was second only to El Al for the volume of passengers carried to and from the country in January.
Air fares to Western Europe have fallen 15% since the Open Skies agreement with the EU was signed.