Israel's El Al Plans $105 Million Share Issue to Meet Bailout Terms
The government agrees to a $210 million bailout of El Al, which changed hands in late 2020 and was forced to slash one-third of its staff, or 2,000 workers
El Al
El Al Losses Quadrupled in Final Quarter of 2020
The airline's 2020 loss swelled to $531 million from $60 million in 2019
Israel Offers COVID-hit Flag Carrier El Al $230m Cash Injection
Agreement would require airline to stop charging state for security and other personnel for next 10 years
After Bankrolling Son’s Purchase of El Al, Kenny Rozenberg Makes Move to Take Over
Jewish American nursing home tycoon immigrates to Israel, poising him to take control of the country's troubled national carrier
El Al Prepares to Fire Third of Its Workforce, Pending State-backed Loan
El Al layoffs to go into effect only after receiving a state-backed loan of $300 million; airline will send letter of intent to employees
Analysis Israel's COVID Flight Ban Turned Its Citizens Into Illegal Immigrants
Israel's coronavirus flight ban left thousands stranded abroad, often in violation of local laws. A draconian solution turned into a nightmare
Following U.S. Protest, Israel to Permit American Carriers to Fly 'Rescue' Flights to Tel Aviv
Until now, El Al had the exclusive right to offer limited flights for Israelis stranded in the U.S. while Ben-Gurion Airport is closed due to COVID-19 restrictions
UAE's Flydubai Starts Dubai-Tel Aviv Services After Detente
Dubai state-owned flydubai will operate twice-daily fights between the UAE's and Israel's financial capitals - Dubai and Tel Aviv - the airline said this month ■ UAE and Israeli citizens need not apply for a visa before traveling
Huge Quarterly Loss for El Al After Coronavirus Destroys Peak Season
El Al has restored service to a number of destinations around the world – but the airline is still facing huge operational and financial problems
Businesswoman Who Lost Control of Israel’s Flag Carrier Sets Sights on Smaller Airline
Tami Mozes Borovitz, former El Al owner, is one of six submitting bids to buy tiny Israir
Eli Rozenberg Formally Takes Control of El Al – With Conditions Attached
Control permit terms designed to address airline’s claim he is a strawman for his father
Who Really Owns El Al? What Do They Want to Do With It?
Eli Rozenberg got a loan from his father to buy the troubled airline. Is it about business, Zionism or Shabbat?
Analysis For Eli Rozenberg, Buying Israel's El Al Was the Easy Part
He assumes ownership of an ailing El Al in the midst of a global aviation crisis whose end is nowhere in sight
Eli Rozenberg Is El Al’s Likely New Owner After Share Sale
Israeli flag carrier owes a reported $80 million to ticket holders, and following share placement will have positive equity, Finance Ministry believes
Analysis How Jason Greenblatt Could Help Eli Rozenberg Win Control of El Al
It seems that the U.S. investor and his family think they will prevail in the contest for Israel’s flagship carrier by playing the politics right
Israeli Carrier Israir Preparing for Commercial Flights to UAE
Carrier has booked eight round-trip flights from Tel Aviv to Dubai International Airport throughout October, while national carrier El Al is yet to apply for permits to do so
Analysis Coming Soon to El Al: Competition From the UAE?
The embattled airline may have carried the historic first commercial Israeli flight to the UAE, it may see competitors cutting into its passenger and cargo business
Israeli-Russian Businessman Steps in With Offer That Could Save El Al
David Sapir offers $51 million for 28% stake in El Al, giving him joint control over the company with Knafaim holdings; proposal would require El Al to scrap a planned $150 million stock sale
Israeli, U.S. Delegations Land in UAE After Historic Flight
Kushner says believes Netanyahu, Trump will discuss F-35 sale to UAE ■ Responding to Haaretz, Trump adviser says Palestinians should come to negotiating table
Historic Flight From Israel to UAE Takes Off, Carrying Israeli, U.S Delegations
Direct flight between Tel Aviv and Abu Dhabi will fly over Saudi airspace, in first for Israeli commercial airliner
El Al to Carry First Official Flight From Israel to UAE, Airport Timetable Shows
A U.S. government official confirmed that officials including Jared Kushner would be on the flight departing from Tel Aviv on August 31
Investor Rozenberg Ups Offer to Buy Control of Israel's El Al to $101 Million
In letter to government officials, Eli Rozenberg commits to buying two thirds of the airline’s upcoming share offering
El Al Won't Fly Until at Least the End of September, Yet Still Attracts New Investor
In the wake of the decision, unpaid leave extended for 6,080 employees of Israel's national carrier
Competition for Israeli Flag Carrier El Al Heats Up With Second Bidder Emerging
Israeli-British property investor Meir Gurvitz seeks to buy up to 40% of the troubled airline
Israel's Financially Troubled El Al Gets Extra Time to Refund Airline Tickets
Move to push deadline to October 1 will give El Al more time to repay $320 million it owes
Netanyahu's Office Puts a Hold on Lavish 'Air Force One' Project
The Prime Minister's Office suspends conversion of the Boeing 767 amid a surge in coronavirus infections and overall cuts in air travel, blogger Uri Misgav writes
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
Opinion Nationalizing El Al Is the Least Bad of All Its Options
The offer from Kenny Rozenberg or bankruptcy will do nothing for an airline that faces many bad years ahead
New York-based Rozenberg Offers $75m for 44.99% of Israel's El Al
Scion of American family says he is ready to buy control of Israel’s flag carrier despite its ‘challenging’ condition