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…

Subscription Required

 

Israel Denies El Al Airlines $350M State Loan 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.

LoginLearn How

Related Content

GOL
Daily Memo: Will GOL’s Case Of ‘Long COVID’ Result In Chapter 11 Filing?
various airlines and aircraft
Airline Industry Profits Continue To Be Marginal In 2024
Emirates A380
Carbon Analysis: Middle Eastern Carriers’ A380 U-Turn
REX Airlines
Rex Seeks More Time In Voluntary Administration
American Airlines 777-200
American Airlines Weighs Future Of 777-200ER Fleet
Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Commercial Aviation market - only available with AWIN.

AVD_AWIN_270

Stay Connected.
Stay Informed.
Grow Your Business.

Learn How