Israeli carrier El Al will own half the Boeing 787s in its fleet, having reversed plans for a sale-and-leaseback deal.

The airline says a planned sale-and-leaseback of two 787-8s with a foreign lessor has been amended, and that one of the two will instead be owned when it is delivered in the fourth quarter.

El Al Boeing 787

The first El Al 787-9 in Tel Aviv in 2017


El Al, which is taking 16 787s, had originally revealed the leaseback deal in September 2016.

It stresses that it will still be receiving the aircraft, and that the change will mean eight 787s – comprising four delivered 787-9s and the four 787-8s yet to arrive – will all be owned.

El Al's other eight 787s, all the -9 variant, will be leased. Seven of these have already been delivered to the carrier.

One more 787-9 is due for delivery in the current quarter. Two 787-8s will arrive in the fourth quarter, according to the airline's fleet plan, with the final pair of 787-8s scheduled for delivery in the first quarter of 2020.