Israeli flag-carrier El Al is looking at the possibility of using its assets to continuing strengthening its balance sheet, although it has yet to confirm whether these include its landing slots.
The airline says it is examining “various outlines” and “all the options available”, working in co-operation with a number of entities, both Israeli and foreign.
But El Al says a definite action plan remains “uncertain” and depends on a number of factors over which it has no control.
The airline has been negotiating with a foreign bank for a loan with slots at destination airports as collateral, according to an Israeli press report.
El Al recently obtained $50 million in financial assistance, part of a previous agreement between the government and its owners to support the carrier.
This sum included $20 million from its controlling shareholder, Kanfei Nesharim, provided on 8 February, while Israel’s government transferred the $30 million balance about a week later.
El Al is in the process of organising a merger with Israeli leisure airline Arkia.
