El Al (Israel) is considering the acquisition of a widebody cargo aircraft, with speculation pointing to a Boeing 777 as the preferred model. This move aligns with the airline’s expansion into the air freight sector, capitalizing on rising cargo demand and long-term market opportunities.
El Al Israel Airlines has announced a strong financial performance for 2024, recording a net profit of $545 million as annual revenue climbed 37% to $3.4 billion. The airline also delivered a solid Q4 performance, earning $130 million in net profit, with quarterly revenue rising 26% to $851 million.
El Al, Israel’s flagship carrier, is engaging in discussions with the Israeli government to relax the restrictions imposed on the airline as a condition for receiving state aid during the pandemic. In exchange, the airline is proposing a gradual reduction in the government’s participation in its security expenses.
El Al, Israel’s national carrier, has announced the continuation of its suspension of flights between Tel Aviv and Moscowuntil the end of March 2025. This decision comes as part of the airline’s ongoing review of operational and geopolitical considerations impacting its services on this route.
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El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements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…
