El Al Owner Fights to Retain Control Despite Israeli Airline's Financial Meltdown

The airline is pressuring the treasury to let it take a $250-million loan as an offer from New York businessman faces unexpected obstacles

Yoram Gabison
Yoram Gabison
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Israeli El Al airline aircraft are seen on the tarmac at Israel's Ben Gurion Airport in Lod, east of Tel Aviv, on July 7, 2020.
Israeli El Al airline aircraft are seen on the tarmac at Israel's Ben Gurion Airport in Lod, east of Tel Aviv, on July 7, 2020.Credit: Jack Guez / AFP

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