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...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

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