El Al (Israel) has secured a $120 million loan from a financing consortium led by Hapoalim (Israel) to fund the purchase of its 17th Boeing 787. This financing milestone reflects El Al’s continued commitment to modernizing its fleet with advanced and fuel-efficient aircraft.
El Al, Israel’s national carrier, has announced the purchase of a Boeing 777 fuselage to bolster its spare engine availability. The acquisition, valued at $7.3 million, was made from a foreign company as part of the airline’s ongoing efforts to ensure operational reliability and efficiency.
El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…
