All El Al articles – Page 2
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NewsEl Al secures regulatory clearance to operate all-cargo aircraft
El Al has secured regulatory approval to operate dedicated freighters from the Israeli civil aviation authority, as it awaits its first converted aircraft. The extension to its commercial licence gives the airline the right to transport freight using all-cargo aircraft until 5 June next year. El Al had disclosed last ...
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NewsEl Al 737 freighter introduction held up by regulatory hitch
Israel’s El Al is yet to introduce the Boeing 737-800 freighter it had been planning to use from April, owing to a regulatory issue. The airline signed an agreement in February this year to dry-lease the aircraft which had recently been converted from passenger to cargo configuration. But El Al ...
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NewsEl Al includes Airbus in request for single-aisle fleet-renewal proposals
Israeli flag-carrier El Al has included Airbus in a request for proposals to replace single-aisle aircraft from 2025, while incumbent Boeing as well as engine manufacturers have also been contacted for the campaign. El Al is looking to modernise its single-aisle fleet – currently exclusively comprising 24 Boeing 737-800s and ...
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NewsEl Al ties up with travel specialist to create tourism joint-venture company
Israeli flag-carrier El Al is aiming to establish a joint-venture company specialising in tourism, in which it will hold a 40% share. The airline has reached a provisional agreement through which it will collaborate with Tel Aviv-based travel firm Issta, which would also have 40% of the venture. El Al ...
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NewsIsrael’s El Al names treasurer as new chief financial officer
Israeli flag-carrier El Al has named Yacov Shahar as the airline’s new chief financial officer, succeeding Yitzhak Eliav. El Al says it formally appointed him to the post on 24 April. Shahar has previously served a long tenure as the company’s treasurer. His background includes holding the position of chief ...
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NewsEl Al plots five-year fleet expansion including 737 replacement
Israeli flag-carrier El Al is considering options to increase its fleet by up to 13 aircraft to keep up with its targets for passenger traffic and market share over the next five years. It is aiming to align the expansion with plans to replace its older Boeing 737 jets from ...
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NewsIsrael’s El Al returns to full-year profit
Israeli flag-carrier El Al has generated a full-year operating profit of $113 million, and ended the period with a net surplus of $109 million. The airline says it achieved a fourth-quarter net profit – a figure of $8.5 million – for the first time since 2015, although it points out ...
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NewsEl Al 787 cuts flight time to Thailand with Saudi-Omani transit
El Al has conducted its first flight through Saudi Arabian and Omani airspace since recent agreements lifted restrictions on transit by Israeli carriers. The airline operated its LY083 service from Tel Aviv to Bangkok on 26 February, using a Boeing 787-9 – a flight which took about 7h 30min. Its ...
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NewsOmani government to permit Israeli overflights: ministry
Oman has become the latest Middle Eastern state to allow transit of Israeli aircraft, a decision which will enable a reduction in flight times for carriers operating Asian routes to and from Tel Aviv. The opening of Omani airspace follows several months of discussions between the two sides, and comes ...
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NewsEl Al finance chief stepping down after two years
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 ...
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In depthAirline Business performance tracker: rest of world Q3 2022
Key data from the most-recent earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsEl Al offers to take additional 787-9 originally built for another customer
Israeli flag-carrier El Al has formally put forward an offer to purchase another Boeing 787-9, an aircraft which was originally manufactured for another customer. The airline has 15 787s in its fleet and already intends to take another – a delivery deferred during the pandemic – to complete its original ...
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NewsEl Al’s main shareholder looks to swap debt for equity
Israeli flag-carrier El Al’s primary shareholder is seeking to conduct a debt-for-equity swap involving a loan to the airline. Kanfei Nesharim holds 39% of the El Al share capital – and 54% on a fully-diluted basis – according to the company’s third-quarter financial statement. El Al says its board of ...
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NewsEl Al to bring in freighter next year and signals plans to renew narrowbodies
Israeli flag-carrier El Al is pressing ahead with plans to introduce a dedicated freighter, indicating that the aircraft will arrive in the second quarter of next year. It has not identified the type but indicates that it will be a narrowbody aircraft in its latest fleet plan, outlined in the ...
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NewsEl Al turns in third-quarter profit as revenues near pre-crisis level
Israeli flag-carrier El Al has turned in further evidence of a recovery trend in its operations, with a third-quarter pre-tax profit of $68 million. It states that the business is benefiting not only from the summer season but also the lifting of travel restrictions and compulsory masking, and the cancellation ...
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NewsIsrael’s El Al repays $45m state loan
Israeli flag-carrier El Al has repaid a state loan of $45 million advanced to the carrier as part of a financial support package. The airline, which had indicated in September that it would be repaying the loan two years ahead of schedule, says the transaction was completed on 2 November. ...
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NewsAACO chief: Future Israeli ties possible if momentum for peace reaches regional level
Arab Air Carriers Organization secretary general Abdul Wahab Teffaha is not ruling out possible future ties with Israeli entities, if the recent momentum of improved Arab-Israeli relationships eventually leads to recognition at a higher regional level. Normalised diplomatic relations between Israel and a number of Arab countries have been achieved ...
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NewsEl Al considers acquiring freighter as regulator prepares to amend licence
Israeli flag-carrier El Al is considering acquiring a dedicated freighter, after the country’s civil aviation regulator notified the airline that its dormant authorisation to operate freighters will be cancelled. The amendment to El Al’s commercial licence will take effect from 17 October. El Al says it received the notification on ...
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NewsInsurance firm Phoenix takes near-20% share of El Al loyalty programme
Israeli insurance firm Phoenix is taking a near-20% shareholding in flag-carrier El Al’s loyalty programme. Phoenix is exercising an option to acquire the 19.9% stake as part of a financing transaction sealed earlier this year. Under the agreement it is able to purchase up to 25% of the loyalty scheme, ...
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NewsEl Al to repay government loan by year-end under revised aid pact
Israeli flag-carrier El Al has reached a new agreement with the government under which it will advance repayment of $45 million in support loans granted by the state. The repayment, brought forward by two years, will be carried out by 20 December. El Al says the new pact means most ...