Israel Denies El Al Airlines $350M State Loan

El Al believes state support in the near term is essential to allow the company to cope with the consequences of the crisis.
Credit: El Al USA / Twitter
Israel’s Ministry of Finance has rejected El Al Israeli Airlines’ request for a $350 million state loan to sustain it through the COVID-19 global crisis. In a report to the Tel Aviv Stock Exchange on April 6, El Al said the Ministry of Finance would not approve the requested aid package. The daily...

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