El Al Stops Flying As Debts Rise, Losses Widen
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...
Subscription Required
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.
Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password
Not a member? Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.
Related Content
