El Al Stops Flying As Debts Rise, Losses Widen

El Al
Credit: Nigel Howarth / Aviation Week
El Al Israel Airlines has stopped all flying until July 31 while the outcome of drawn-out discussions with the Ministry of Finance regarding a $400 million state-guaranteed loan remains unclear. The news comes as El Al disclosed results for its fiscal first quarter (Q1) ending March 31, revealing a...

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