All El Al articles – Page 5

  • Etihad 787
    News

    Israeli-UAE air travel ties begin to crystallise after diplomatic tie-up

    2020-09-01T10:42:00Z

    In a further sign of the normalisation of Israeli-United Arab Emirates relations, Etihad Airways flights have become available for sale to customers in Israel. Etihad Airways will open its services to Israeli passengers through travel and tourism specialist TAL Aviation Group, which is based in Tel Aviv. TAL ...

  • flags
    News

    El Al 737 arrives in Abu Dhabi after landmark flight

    2020-08-31T13:05:00Z

    El Al’s landmark United Arab Emirates service from Tel Aviv has arrived at Abu Dhabi, having conducted the flight through Saudi Arabian airspace. The Boeing 737-900ER touched down on Abu Dhabi’s runway 13R at about 15:38, having departed Tel Aviv at about 11:22 – a flight time of some ...

  • El Al 737-900ER Peace
    News

    El Al plans to cross Saudi airspace with 737 to reach UAE

    2020-08-30T17:46:00Z

    El Al’s planned inaugural flight to the United Arab Emirates is being flightplanned to transit Saudi Arabian airspace, a route which would normally be off-limits to Israeli aircraft. The intended flightpath for the Tel Aviv-Abu Dhabi flight on 31 August would cross Jordanian airspace and then enter Saudi airspace ...

  • El Al 737-900ER
    News

    Israeli airport operator lists landmark El Al service to UAE

    2020-08-28T10:47:00Z

    Israeli carrier El Al appears set to operate an initial service to the United Arab Emirates on 31 August, following the diplomatic agreement reached between the two sides. The Israeli and UAE governments disclosed the normalisation of diplomatic relations on 13 August, and stated that direct flights would be ...

  • El Al 787 header
    News

    El Al granted delivery deferral for final 787

    2020-08-28T10:13:00Z

    Israeli flag-carrier El Al has been granted a deferral to the end of November for delivery of its final Boeing 787, after the air transport crisis interrupted its fleet renewal schedule. It has signed agreements for a $122 million financing of the 787-8 in February – based on a ...

  • El Al Israel Boeing 787-8 2020
    News

    El Al loss quadruples over first half

    2020-08-27T09:01:00Z

    Israeli flag-carrier El Al’s first-half pre-tax loss has nearly quadrupled, to $270 million, compared with last year’s interim figure. El Al also posted a net loss of $244 million in contrast with the previous half-year deficit of $55 million. Its revenues for the six months to 30 June ...

  • El Al
    News

    El Al chairman resigns for medical reasons

    2020-08-16T15:45:00Z

    Israeli flag-carrier El Al’s chairman, Eli Defes, has stepped down from his post for medical reasons. El Al states that his decision is effective immediately. Defes took up the position of chairman at the beginning of June 2017, having been a director of the airline since November 2015. ...

  • El Al Boeing 787-8
    News

    Israel-UAE to talk direct flights but airspace issues remain

    2020-08-13T19:01:00Z

    Normalisation of diplomatic relations between Israel and the United Arab Emirates opens the possibility of flights between the two countries – although a timeframe has yet to emerge and other complexities remain unresolved. The UAE and Israeli governments have jointly stated that tourism and “direct flights” will be among ...

  • El Al 787
    News

    El Al seeks approval to raise capital as pilots object to cost-saving pact

    2020-07-26T19:28:00Z

    El Al has called a shareholders’ meeting for 18 August in order to seek approval to raise the company’s registered share capital. The Israeli flag-carrier is planning to raise $400 million through a $150 million share issue and a state-backed staggered $250 million loan. El Al says that, ...

  • El Al 787
    News

    El Al must issue shares before state will back loan

    2020-07-23T10:15:00Z

    Israeli flag-carrier El Al must carry out a planned $150 million share issue by the end of August, before the country’s government will back a $250 million bank loan. The conditions have been outlined in a 22 July letter from the ministry of finance. El Al opted in ...

  • El Al line-up
    News

    Investor offers $75m for 45% share in struggling El Al

    2020-07-20T18:49:00Z

    Israeli flag-carrier El Al has received an offer from an investor who is prepared to acquire a private allotment of shares worth $75 million. The offer has come from an individual which the law firm Shibolet identifies, in a 20 July letter to the airline, as businessman Eli Rozenberg. ...

  • El Al 787 header
    News

    El Al pilots absent as negotiators reach cockpit savings agreement

    2020-07-15T21:00:00Z

    Israeli trade union centre Histadrut has reached a new efficiency agreement covering flag-carrier El Al’s pilots, although the pact has been arranged without the pilots’ representatives. Histadrut states that the agreement, reached on 15 July after discussions with the transport workers’ union, will enable the carrier to save $105 ...

  • El Al
    News

    El Al faces class-action suit alleging unpaid ticket refunds

    2020-07-13T07:31:00Z

    Israeli flag-carrier El Al is facing a lawsuit over allegations that it failed to reimburse customers for cancelled flights, and did not inform the public about their right to receive a refund. The class-action suit has been brought before a district court by all passengers who were due to ...

  • El Al fin
    News

    El Al to slash workforce as part of rescue package agreements

    2020-07-08T09:34:00Z

    Israeli flag-carrier El Al is set to shed 1,700 positions across three divisions as part of a restructuring programme. The airline says it has reached new collective agreements with its maintenance and administrative sectors. Chief executive Gonen Usishkin says the arrangement is “another step on the road to ...

  • El Al 787 header
    News

    El Al could be renationalised as it opts for share issue

    2020-07-06T16:54:00Z

    Israeli flag-carrier El Al has given up pursuing a $400 million state-backed loan and opted for an alternative fundraising package which could result in the airline being renationalised. El Al’s board has chosen a $250 million bank loan, which would have a state guarantee, alongside a $150 million share ...

  • El Al 787-9
    News

    Pilot stand-off piles more pressure on El Al

    2020-07-03T19:32:00Z

    Israeli carrier El Al is putting another 400 personnel on furlough after the carrier’s pilots chose not to operate a number of the airline’s services. The airline had been operating a limited number of passenger and cargo services from Israel, although its scheduled passenger flights had been suspended until ...

  • El Al Boeing 787-8
    News

    El Al reiterates concerns over survival as losses mount

    2020-07-01T09:57:00Z

    Israeli flag-carrier El Al has reiterated that a financial support scheme is critical to the airline’s survival, as it disclosed a net first-quarter loss of nearly $140 million. El Al says financial assistance is “essential” to its being able to deal with the coronavirus crisis. At the end ...

  • El Al Boeing 787
    News

    El Al wrestles with ministry over proposed financial support

    2020-06-19T12:16:00Z

    Israeli flag-carrier El Al has put forward amendments to a proposed funding mechanism for the troubled airline, but insists the government has not rejected its basic propositions. El Al had been trying to negotiate a $400 million loan while the finance ministry had countered with an alternative, through which ...

  • El Al 787
    News

    Government offers to buy El Al shares under revised funding scheme

    2020-06-07T16:24:00Z

    Israel’s government has pledged to acquire shares in El Al if necessary, under a revised scheme to provide additional liquidity to the flag-carrier. El Al has been negotiating a $400 million loan with a state-backed guarantee, but the discussions have yet to be finalised. The Israeli finance ministry ...

  • Emirates A380s in storage
    In depth

    Middle East carriers aim to get back on track

    2020-06-04T11:13:00Z

    Much of the attention on airlines in the Middle East during the coronavirus crisis has focused on the big three Gulf operators and the struggles of Israeli carrier El Al.