El Al Stops Flying As Debts Rise, Losses Widen
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...
El Al Stops Flying As Debts Rise, Losses Widen is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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