Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing.

The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position.

El Al says this reinforced equity is a condition of the Israeli ministry of finance and other institutions for providing a state-backed loan to the carrier.

The airline says it is still negotiating with financing sources to obtain the loan.

El Al stresses that there is “no certainty” over the planned capital raise, adding that it will depend on securing regulatory approval.

El Al line-up

Source: El Al