You can also earn 57,746 Alitalia miles with Millemigalia Young.
That is more then enough for a one way Business class ticket TLV-JFK and you'd even get back 9600 miles.
You'd then have 19,346 miles left which is enough for a one way ticket TLV-Rome or another medium flight.
All told it's a very good deal!
Pay 70,000 AMEX points and get back almost 60,000 Alitalia points!