All El Al articles
-
NewsEl Al stays with Trent 1000 for additional 787s: Rolls-Royce
Israeli flag-carrier El Al appears to be sticking with Rolls-Royce engines for its latest Boeing 787s, as the manufacturer progresses with work on blade improvements. El Al already has 16 Trent 1000-equipped 787s, and is due to take delivery of another Trent-powered 787-9 originally intended for another customer. Rolls-Royce states, ...
-
NewsEl Al withdraws offer to invest in finance firm Isracard
Israeli flag-carrier El Al has withdrawn its preliminary offer to invest in credit-card and financial services firm Isracard, citing time constraints. The airline had disclosed a non-binding offer in mid-October to take a 45% shareholding in Isracard, through a private placement. But El Al states that Isracard set a “short ...
-
NewsEl Al pursues controlling investment in Israeli credit-card company
Israeli flag-carrier El Al is seeking a meeting with representatives of the financial services and credit-card firm Isracard, after offering to acquire a 45% shareholding in the company. El Al is offering to purchase shares through a private placement, its chief executive Dina Ben Tal Ganancia states in a communication ...
-
NewsConflict ripples continue to enhance El Al’s financial performance
Israeli carrier El Al has maintained its strong performance over the first half of the year, as the effects of the Gaza conflict continue to disrupt the normal seasonal activity cycle. The unusually high load factors of the first quarter did not subside in the second, giving an overall average ...
-
NewsEl Al reaches agreement to acquire up to 31 737 Max jets
Israeli flag-carrier El Al has signed an agreement with Boeing covering the purchase of 20 737 Max jets, with options on a further 11. El Al had previously indicated in June that it was negotiating for around 30 Max jets to meet requirements for the single-aisle segment of its fleet-renewal ...
-
NewsIsrael’s El Al to hold exclusive talks on acquiring around 30 737 Max jets
Israeli flag-carrier El Al is entering exclusive negotiations with Boeing and lessors with a view to acquiring around 30 737 Max jets.
-
NewsVirgin entering codeshares with future SkyTeam member SAS plus El Al and Saudia
SkyTeam carrier Virgin Atlantic has identified the alliance’s newly-recruited Scandinavian operator SAS as a new codeshare partner, and has unveiled codeshares with Middle Eastern airlines El Al and Saudia.
-
NewsEl Al backtracks on tourism venture as Gaza conflict persists
Israeli flag-carrier El Al has temporarily halted plans to establish a joint tourism company, owing to circumstances including the Gaza conflict. The airline had disclosed last year that it was entering a pact with travel company Issta to establish a tourism and holiday joint venture. But El Al states, in ...
-
NewsEffects of conflict behind unusually-strong El Al first-quarter performance
Israeli flag-carrier El Al believes traffic changes arising from the Gaza conflict have resulted in uncharacteristic winter demand for its services, and a unusually strong first-quarter performance.
-
NewsLegal claim over El Al group-booking price hike rejected
El Al states that a class action which accused the Israeli flag-carrier’s ticketing system of unfairly charging higher fares has been rejected in a legal judgement.
-
NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
-
NewsEl Al considers raising funds through offer of securities
Israeli carrier El Al is considering carrying out a fundraising exercise through a public offering of securities. The airline has not stated the quantity of capital it aims to obtain, and it has not given a timeline. Controlling shareholder Kanfei Nesharim has informed the carrier that it intends to participate ...
-
NewsIsrael’s El Al tentatively signs for up to nine more 787s
Israeli flag-carrier El Al has disclosed a preliminary agreement to purchase three more Boeing 787-9s, with options for another six. The airline says that the three aircraft would be delivered in 2029 and 2030. El Al adds that the optioned 787s, should they be taken up, would arrive from 2030 ...
-
NewsDelta to revive flights to Tel Aviv amid ongoing Israel-Hamas conflict
Major US carrier Delta Air Lines plans to revive daily flights to Tel Aviv from New York this summer, becoming the latest airline to indicate interest in resuming operations amid the war between Israel and Hamas.
-
NewsEl Al in talks for more 787s while narrowbody renewal decision nears
Israeli flag-carrier El Al is negotiating with Boeing for the acquisition of three more 787s, with an option for six additional aircraft.
-
NewsEl Al defies impact of Gaza conflict to post fourth-quarter and full-year profits
Israeli flag-carrier El Al has fended off the impact of the Gaza conflict, posting a full-year pre-tax profit of $125 million, and a net of $117 million, after experiencing a strong fourth quarter. El Al generated full-year revenues of $2.5 billion, a rise of 26%, while operating expenses only increased ...
-
NewsIsrael’s El Al prepares to suspend flights to Johannesburg
Israeli flag-carrier El Al is to suspend services to Johannesburg, citing a reduction in traffic in the months since the Gaza conflict began.
-
NewsEl Al more optimistic on fourth-quarter performance despite conflict
Israeli flag-carrier El Al believes its fourth-quarter results will not be as badly affected as previously estimated, despite the impact of the Gaza conflict. El Al has taken various commercial, financial and operational measures to address the effects of the conflict which began in early October. But it states that ...
-
NewsEl Al firms tourism joint-venture with travel company Issta
Israeli flag-carrier El Al has firmed its agreement with travel company Issta following their tentative deal to establish a tourism and package-holiday joint venture. El Al says it will hold 60% of the new subsidiary’s shares while Issta takes the 40% balance. The venture will develop, market and sell tourism ...
-
NewsEl Al takes steps to mitigate conflict impact after profitable third quarter
Israeli flag-carrier El Al expects a 5-10% reduction in capacity over the fourth quarter, as a result of the Gaza conflict, and a fall in load factor, but it has yet to estimate the impact on the first quarter of next year. El Al says it experienced initial high demand ...