The collapsed airline flew from Luton to Ovda airport, which serves the Red Sea resort, a popular winter sun destination. The Ministry said it would reimburse any airline that replaced the Monarch flight, adding that this would be limited ‘to 75 rotations during the year’.
Israel Government Tourist Office director Sharon Bershadsky said: "We were sorry to learn of Monarch’s administration and our sympathies are with passengers who have travelled or are planning to travel to Israel with the airline.
“Eilat’s economy relies heavily on tourism from the UK, and we hope that flight operators will continue to help us showcase what a beautiful destination it is."
Airlines have been given until October 14 to put forward proposals.