All El Al articles – Page 7

  • DWC

    El Al said to add Dubai to wet-leased 747’s freight network


    Israeli flag-carrier El Al appears set to broaden its United Arab Emirates reach through a regular cargo service to Dubai. Several Israeli media outlets are carrying a statement from El Al that a weekly link to Dubai will be added to the route network of a Boeing 747 freighter service ...

  • El Al 787

    Investor seeks joint control of El Al with main shareholder Knafaim


    Israeli flag-carrier El Al has received an offer from an investor to inject $51 million into the struggling airline in return for 190 million shares. It has been formally put to the board by entrepreneur David Sapir, who is active in the tourism business and believes there are opportunities for ...

  • Etihad 787

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


    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 has confirmed ...

  • flags

    El Al 737 arrives in Abu Dhabi after landmark flight


    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 3h ...

  • El Al 737-900ER Peace

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


    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 at ...

  • El Al 737-900ER

    Israeli airport operator lists landmark El Al service to UAE


    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 among ...

  • El Al 787 header

    El Al granted delivery deferral for final 787


    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 JOLCO ...

  • El Al Israel Boeing 787-8 2020

    El Al loss quadruples over first half


    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 halved to ...

  • El Al

    El Al chairman resigns for medical reasons


    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. The carrier ...

  • El Al Boeing 787-8

    Israel-UAE to talk direct flights but airspace issues remain


    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 the ...

  • El Al 787

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


    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, in order ...

  • El Al 787

    El Al must issue shares before state will back loan


    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 early July ...

  • El Al line-up

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


    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. This ...

  • El Al 787 header

    El Al pilots absent as negotiators reach cockpit savings agreement


    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 million ...

  • El Al

    El Al faces class-action suit alleging unpaid ticket refunds


    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 fly ...

  • El Al fin

    El Al to slash workforce as part of rescue package agreements


    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’s ...

  • El Al 787 header

    El Al could be renationalised as it opts for share issue


    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 issue, ...

  • El Al 787-9

    Pilot stand-off piles more pressure on El Al


    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 31 ...

  • El Al Boeing 787-8

    El Al reiterates concerns over survival as losses mount


    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 of the ...

  • El Al Boeing 787

    El Al wrestles with ministry over proposed financial support


    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 the ...