Israeli flag-carrier El Al has received a preliminary indication that the government is prepared to provide support to the airline but with conditions attached.
El Al had been in talks over a commercial loan with state-backed guarantee, after being turned down for an assistance package from the ministry of finance.
It states that it has received an “outline” from the ministry that a guarantee could be delivered, subject to “certain conditions”.
But the proposal is still to be made formal and El Al has not confirmed details.
“The company has not yet receive an official document from the ministry of finance about the details of the [plan] and the terms required,” the carrier says.
El Al says it will disclose the information once it has been notified.
The ministry unveiled an economic plan for dealing with the coronavirus crisis on 10 May, covering such aspects as business continuity, financial support for enterprises, and social security.
El Al has opted to maintain a suspension of its passenger services until at least 30 May, although it will continue operating cargo flights as necessary.
