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...
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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