El Al accepted a government bailout plan that would essentially nationalize the airline by giving the government control of about 61% of the company, news reports said on … The move came during during an official visit from the kingdom of Bahrain to Israel. Russ Niles. El Al Israel Airlines Ltd. (TASE: ELAL, Hebrew: אל על נתיבי אויר לישראל בע״מ ‎), trading as El Al (Hebrew: אל על ‎, "To the Skies" or "Skywards", stylized as ELעלALאל; Arabic: إل-عال ‎), is the flag carrier of Israel. Updates about EL AL flights, new offers, public notices, responses and more. El Al reports massive losses, appeals to the state for more aid The Israeli airline lost $23 million in the second quarter, had to reimburse passengers for cancelled flights. When the markets closed, company shares sold at a minimum price of 67.1 agurot per share. El Al is supposed to issue an offering to raise $150 million by the end of August, based on a Finance Ministry decision. This change is effective on Dec. 31, 2020, when American Express and El Al’s partnership seemingly ends. Telephone +972-3-761-9056 Israel’s El Al and Abu Dhabi-based Etihad Airways have signed a memorandum of understanding covering the eventual introduction of joint codeshare services between Abu Dhabi and Tel … El Al Airlines sent a letter to Eli Rozenberg, who sent an official offer to acquire 45% of the company on behalf of his father, Kenny Rozenberg, refusing to set up a meeting with his representatives until he answers several questions, a Globes report said. The launch of the new service is the outcome of a series of bilateral agreements signed between the UAE and Israel. The new Dubai service, operated by an Atlas Air B747F, will run on a weekly basis as part of the Tel Aviv-headquartered airline’s Liege operation. Find photos and videos, comment on the news, and join the forum discussions at al.com 2020-11-25T10:42:00Z. El Al Airlines announced on Sunday that it will be operating the first flight from Israel to Morocco on Tuesday, December 22. JNS.org – Israeli national airline El Al announced on Sunday it would operate its first flight to Rabat, Morocco on Tuesday. Your next vacation in Israel begins here! All rights reserved. El Al has agreed to a treasury plan under which it will be entitled to $250 million in government-guaranteed loans on condition that it raises $150 million in equity capital via a share sale to the public. EL AL suspends its flights to Beijing EL AL Israel Airlines announced that flights to Beijing will be temporarily suspended until 25 March 2020. El Al Airlines sent a letter to Eli Rozenberg, who sent an official offer to acquire 45% of the company on behalf of his father, Kenny Rozenberg, refusing Linkedin. Dubai International Airport announced (13-Dec-2020) El Al operated the inaugural Tel Aviv service. With COVID-19 literally grounding much of the world, the road was tough for El-Al as it was. El Al Will Fly Its Newest Dreamliner to America Later This Year. But the International Air Transport Association doesn’t expect the world’s air traffic to return to 2019 levels before 2024. The government bought a 15% stake for $34 million while the holdings of El Al's current owners, Knafaim Holdings , fell to 15.2% from 38%. EL AL has further expanded its cargo operations through a new service to Dubai and also by entering into a new partnership with CargoJetX on operations between Europe, Asia and the US. Gulf Air and EL AL Airlines are set to embark on a collaboration following the signing of a memorandum. El Al notified the Tel Aviv Stock Exchange (TASE) last week that its first-quarter revenue will be $30 million lower than the projected amount due … Last week, El Al resumed flights to Frankfurt and Amsterdam, while flights to Los Angeles, Miami and Kiev will restart. Even the $250 million government-guaranteed loan the treasury is offering won’t keep El Al afloat for long. … Stay on top of News latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. According to Ynet, after being asked to put on a face mask, the passenger started swearing and confronting the flight attendants on the plane. “It is not clear why your letter does not refer to this basic question,” Klagsbald wrote. This allows us to report on current events free of any bias or prejudice. 07.01.2021 . Klagsbald, sent another letter to Rozenberg asking for clarification of the true identity of the buyer, Eli Rozenberg or his father Kenny, who as a foreign resident cannot legally purchase control of El Al. Sunday, Dec. 13, marked a new chapter for Israel and its flag carrier, El Al, when its first Dubai-bound commercial flight took to the skies at 5:49 a.m. local time. Email. El Al lost $140 million in the first quarter and owes $350 million in refunds for canceled flights. Tony Douglas said: “Following EL AL’s historic flight to Abu Dhabi, the first ever flight between Israel and the UAE, this MOU is the foundation of what we envision will be a strong ongoing relationship between Abu Dhabi and Tel Aviv. SIGN UP FOR NEWSLETTERS. El Al has been selected to operate the first historic flight from Israel to the Moroccan capital, Rabat, on Tuesday, December 22, 2020. News El Al survival remains in balance as losses top $400m. As first reported by Travel with Grant, American Express made a few changes to its credit card terms.The most notable change is that the bank is removing El Al as a Membership Rewards transfer partner. The new owner of Israeli national airline El Al is a 27-year-old son of … El Al Refuses To Meet With Potential Buyer Eli Rozenberg. 12 Mistakes Most Tourists Make in Israel. Police Disperse Minyan in Beitar and Talmud Torah in Modi’in Illit... Israel: 2 Pediatric COVID Patients Are Ventilated. Photo: Getty Images All flights canceled. All News Coronavirus – Policy and Updates. Israeli flag carrier El Al is on the ropes and its fate will be determined by negotiations with pilots and mechanics over the next few days. El Al launches Tel Aviv-Dubai service. Our Washington and Russia coverage looks at how policies from Washington and Russia impact the MENA region. Every El Al plane has been ordered back to Israel. ElAl doesn’t like us committed Jews. This reflects a special and genuine affinity to the State of Israel. 0. An opportunity to fulfill all the miztvos of eretz yisrael on your own private field. El Al said 6,080 employees are on unpaid leave, compared to 6,100 as of July 16. Stock analysis for El Al Israel Airlines (ELAL:Tel Aviv) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Rozenberg in … The company will … Klagsbald added that the deadline that Rozenberg provided for El Al to respond to his offer, August 31, is not realistic and there is no point in setting up a meeting unless the date is changed. Israir CEO Uri Sirkis expects 150,000 Israeli tourists to visit Morocco in 2021. [more - original PR] Want More News Like This? This allows us to report on current events free of any bias or prejudice. Authors. Rozenberg’s lawyer had requested a meeting with the El Al board in order to discuss a list of questions the company had sent his client, raising doubts about his identity and intentions in acquiring the airline. The president of El Salvador, Nayib Bukele, has said criminal gangs are taking advantage of the coronavirus pandemic after more than 50 people were killed between Friday and Sunday. Watch Al Jazeera’s live broadcast now. Stay on top of News latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. Back in August, Israel and the UAE sent shockwaves throughout the region, when they announced they’d be normalizing ties as part of a U.S.-brokered pact. 29.12.2020 . Privatized in 2003, The Jerusalem Post Customer Service Center can be contacted with any questions or requests: Rozenberg in … Instead of scheduling a meeting, El Al’s lawyer, Adv. El Al plans to operate three flights a day on Sundays and Thursdays and two flights on other days of the week. Israel's flag-carrier airline. The service will operate once weekly, completing a round trip with a Boeing Dreamliner that seats 271 people. If Rozenberg jr. took off his Kippa, ElAl would be happy to meet and be even delighted at his buying offer. Write CSS OR LESS and hit save. News, analysis from the Middle East & worldwide, multimedia & interactives, opinions, documentaries, podcasts, long reads and broadcast schedule. It has debt of $1.3 billion to banks and owes another $300 million to ticketholders whose flights were canceled. ELAL > ELAL-EN > EL AL Group > About EL AL > News . FILE PHOTO: El Al Israel Airlines planes are seen on the tarmac at Ben Gurion International airport in Lod, near Tel Aviv, Israel March 10, 2020. Read all about El Al here as TPG brings you all related news, deals, reviews and more. 13:00 EL AL Israel Airlines and Etihad Airways, the national airline of the United Arab Emirates, are set to explore deeper cooperation following the signing of a virtual memorandum of understanding. El Al began resuming cargo flights on Monday and plans to gradually roll out limited passenger service starting October 1. Advertisement El Al has cancelled all flights planned for Wednesday, after the pilot's union announced that pilots would not embark on flights due to the company's financial crisis. Although Rozenberg’s offer to purchase El Al has been the only one to date, El Al has reason to believe that other parties may be proffering offering, based on various reports, the Globes report said. Corporation Responsibility. Al-Sisi decree establishes ‘forbidden’ areas along Egypt’s borders Law intended to stabilise “sensitive regions, where people could have hostile intentions”, says analyst Daily News Egypt The Israeli airline reports a drop of 94% in earnings since July • future of air travel remains uncertain, Norwegian Air Shuttle ASA files for bankruptcy. Later on Monday, Israir received approval from Greek authorities to send rescue flights to Thessaloniki for the purpose of returning Israelis home. El Al claims airline's buyer is front man for his non-Israeli father. The Israeli airline lost $23 million in the second quarter, had to reimburse passengers for cancelled flights. EL AL Israel Airlines and Etihad Airways, the national airline of the United Arab Emirates, are set to explore deeper cooperation following the signing of a virtual memorandum of understanding. Maclean’s; Allen Abel; Brian Bethune; Claire Brownell; Prajakta Dhopade Al-Monitor features unmatched reporting and analysis by prominent journalists and experts from the Middle East and North Africa, through our reporting and analysis on Egypt, the Gulf, Iran, Iraq, Israel, Jordan, Lebanon, North Africa, Palestine, Syria and Turkey. Every El Al flight has been grounded until further notice. El Al's board and representatives requested an urgent meeting with the relevant government officials. That offering is expected to take place in late August or early September. Israel's El Al Says Mulling Direct Flights to Morocco By Reuters , Wire Service Content Dec. 10, 2020 By Reuters , Wire Service Content Dec. 10, 2020, at 12:19 p.m. Copyright © 2020 | The Yeshiva World. Video. Aviation News; news; El Al’s Fate Determined This Week. Avi Edri, head of one of the biggest unions representing El Al … But El Al will need a lot more cash than that. When the markets closed, company shares sold at a minimum price of 67.1 agurot per share. The airline stopped flying late last week and put almost all its 6,500 employees on paid leave. MELANIA BREAKS SILENCE: “Disappointed And Disheartened” By Deadly Riot; Slams Those... New York State Bar Association Wants To Revoke Giuliani Membership. An El Al flight from the US to Israel was forced to make an unscheduled stop in Canada Friday. Flights will be on Boeing 737-900 and 787 Dreamliner aircraft, it said. In September, Saudi Arabia declared that it will be allowing all foreign civilian flights to fly over its airspace, but didn't mention Israel. News, analysis from the Middle East & worldwide, multimedia & interactives, opinions, documentaries, podcasts, long reads and broadcast schedule. Print. Stock analysis for El Al Israel Airlines (ELAL:Tel Aviv) including stock price, stock chart, company news, key statistics, fundamentals and company profile. For international customers: The center is staffed and provides answers on Sundays through Thursdays between 7AM and 6PM  Al-Masdar Al-‘Arabi (The Arab Source) is dedicated to providing the latest news and analysis from the Arab world.Launched in August 2014, Al-Masdar News is an independent media service free from any political or corporate funding, sponsorship or association. Fax: 972-3-561-3699 El Al has been quite busy in recent days in building up its UAE bound exposure. 24.12.2020 . It reported a $140 million first-quarter loss before the brunt of the pandemic hit. The carrier is scheduled to operate twice daily with Boeing 787 and 737-900 aircraft. The first direct flight between Tel Aviv and Manama is set to take place January 7, 2021. Finance Ministry Director-General Keren Turner sent a letter to El Al urging the company to seriously consider Rozenberg’s offer. Coronavirus – Policy and Updates. See the map, stats, and news for areas affected by COVID-19 on Google News Toll Free number in Israel only 1-800-574-574  14 things you should know about Global Entry before your next trip. worth of stocks The state will take over the national airline company until it can be sold to an investor. More El Paso News Headlines Police seek leads in massive cell phone theft Crime / 18 hours ago. Essential Reading. For Further Information. El Al El Al has been selected to operate the first historic flight from Israel to the Moroccan capital, Rabat, on Tuesday, December 22, 2020. El Al raised NIS 505 million in a public offering of its shares this week. E-mail: subs@jpost.com, Copyright © 2020 Jpost Inc. All rights reserved. The trip will allow visitors to get an "in-depth acquaintance with the destination and will provide an experience that has never been seen before, even for experienced safari travelers.". El Al to be nationalized, state to purchase $150m. El Al raised NIS 505 million in a public offering of its shares this week. A spokesman for Rozenberg said a legal response to El Al… EL AL News. Following an unresolved labor dispute, the CEO of the airline, Gonen Usishkin, has today ordered all aircraft to return to Israel, including those operating cargo flights. It seems to me that the arab Hanniya also turned down 15 billion in foreign aid for similar reasons. An EL AL flight en route to Tel Aviv from Toronto was forced to return to the city after issuing a mayday call. Twitter. Updated flight schedule to Israel for December 22-23, 2020. Telephone: *2421 * Extension 4 Jerusalem Post or 03-7619056 Fax: 03-5613699E-mail: subs@jpost.com El Al workers protesting outside the Finance Ministry, Jerusalem, May 5, 2020 Credit: Ohad Zwigenberg Already ailing before the coronavirus struck, El Al was forced to halt nearly all its flights and furlough more than 80 percent of its staff. Israel is considering options for El Al Airlines Ltd. that include a bankruptcy filing as the coronavirus outbreak wipes out demand for travel, according to people with knowledge of the situation. Facebook. El Al said, "After the pilots refused to fly the company's flights (cargo flights and a small number of passenger flights), we have been forced to adjust our work force and put 500 additional employees on unpaid leave including 100 pilots." Live, breaking and in-depth news from Asia, Africa, the Middle East, Europe and the Americas. El Al is expected to file a prospectus by the end of this week. The report comes on the heels of a July 16 report on the temporary halt of regular passenger flights through August. El Al Airlines announced on Sunday that it will be operating the first flight from Israel to Morocco on Tuesday, December 22. Captain, Owners Of NY Illegal Party Cruise Arrested. Visit Israel with El Al - Affordable and convenient ways to order airline tickets online, for attractive prices! Get Alabama latest news. Dubai state-owned flydubai will operate twice-daily fights between the UAE's and Israel's financial capitals - Dubai and Tel Aviv - the airline said this month. CTRL + SPACE for auto-complete. The government bought a 15% stake for $34 million while the holdings of El Al's current owners, Knafaim Holdings , fell to 15.2% from 38%. El Al Israel Airlines Ltd. (TASE: ELAL)is planning at least one daily flight between Israel and Morocco using Dreamliners for the five hour journey, sources inform "Globes. Played a key role in airlifting Jews from Ethiopia and Yemen. El Al has been closely tied to the development of Israel after being founded alongside the country itself in 1948, and was state-owned until being privatized in 2004. Al-Masdar Al-‘Arabi (The Arab Source) is dedicated to providing the latest news and analysis from the Arab world.Launched in August 2014, Al-Masdar News is an independent media service free from any political or corporate funding, sponsorship or association. Moscow, Russia - May 10, 2013: El Al Boeing 747 takes off Domodedovo International Airport. Upon hearing the news that the El Al jet had landed, Strohmayer told TPG “the warmth Israelis receive when they arrive in Dubai and Abu Dhabi is a testament that the new expanding circle of peace will be a very warm one, with close relationships between our people. Published by Globes, Israel business news - en.globes.co.il - … The center is staffed and provides answers on Sundays through Thursdays between 07:00 and 14:00 and Fridays only handles distribution requests between 7:00 and  El Paso’s COVID spike worsens, 808 cases reported Saturday El Paso News / 20 hours ago. July 5, 2020. El Al announced on Monday afternoon that as of Sunday, December 13, it will operate 14 weekly flights to Dubai in the United Arab Emirates. Designed and powered by. EL AL, the national carrier of Israel, attaches great importance to activities that benefit the community. Know about Global Entry before your next trip representatives requested an urgent meeting with the relevant government officials the and. About Global Entry before your next trip an unscheduled stop in Canada Friday News El Al operated the inaugural Aviv! Delighted at his buying offer an urgent meeting with the relevant government officials know. 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