Israel Denies El Al Airlines $350M State Loan

Kurt Hofmann April 07, 2020
aircraft
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...
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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