Israeli flag-carrier El Al’s chief financial officer, Yitzhak Eliav, is to step down from his position by the end of the first quarter of 2023.

Eliav was named as the head of the airline’s finances in January last year.

He formerly held senior executive positions at fabric specialist Avgol Industries and apparel retailer Fox-Wizel.

El Al states that Eliav has resigned from his post and that his term will end on 31 March.

It has not identified a successor.

Over his two-year period in the role, Eliav has participated in the restructuring of the airline’s finances after its business was badly affected by the pandemic.

El Al has been restoring its operation and has lately sought to expand its fleet in order to have sufficient capacity to cope with demand.

It has newly opted to sign a firm agreement with Boeing for the purchase of a further 787 twinjet, which will take its fleet of the type to 17.

El Al 787-c-El Al

Source: El Al