El Al reaches bailout deal with gov't en route to nationalization
Under the deal, the company will receive loans of $250 million, most of which will be guaranteed by the state. ...
Tag: El Al
El Al grounds all passenger and cargo flights indefinitely
The decision to cancel flights comes after negotiations between Pilots Committee Chairman Nir Reuveni and El Al CEO Gonen Usishkin ...
El Al extends commercial flight suspension until July 31
Company says it will continue to use its aircraft for cargo and occasional passenger flights.
Is EL AL en route to nationalization?
The Treasury is proposing that the government become the controlling shareholder and appoint an independent trustee to oversee the running ...
'Our situation worsens with each passing day,' El Al chief warns
Israeli airline faces financial dire straits with ongoing coronavirus crisis. This could spell an end to the company being a ...
Israelis stranded abroad to be airlifted – for free
Israeli government charters planes to bring back Israelis affected by travel ban, who will now get free ride home from ...
El Al delays launch of new routes to Chicago, Tokyo, Düsseldorf
“El Al has a huge responsibility in maintaining air routes to and from Israel during emergencies and will therefore continue ...
El Al workers 'dumbfounded' over plan to fire 1,000 employees, cut salaries
"I am determined to do everything to ensure the future of the company and will act with courage, transparency and ...
El Al to lay off 1,000 employees because of financial hit from coronavirus
Mass cancellations and halt in service to corona-hit destinations expected to cost Israel’s national airline some $70 million. Inauguration of ...
A nurse on board? El Al passenger comes to the rescue
Passenger who collapsed saved by trained nurse who happened to be seated close by. Riki Rosen warns: Do not pour ...