El Al Agrees To State Rescue Package, Renationalization Possible

El Al
Israel could end up owning a majority stake in El Al.
Credit: Nigel Howarth / Aviation Week
El Al Israel Airlines’ board of directors agreed to a state aid package on July 6, ending drawn-out discussions with the Ministry of Finance regarding an originally targeted $400 million state-guaranteed loan. Under the rescue agreement disclosed to the Tel Aviv Stock Exchange, Israel will guarantee...

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