EL AL, the national carrier of Israel, attaches great importance to activities that benefit the community. But El Al will need a lot more cash than that. 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 … News, analysis from the Middle East & worldwide, multimedia & interactives, opinions, documentaries, podcasts, long reads and broadcast schedule. Coronavirus – Policy and Updates. Video. Every El Al plane has been ordered back to Israel. Maclean’s; Allen Abel; Brian Bethune; Claire Brownell; Prajakta Dhopade 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. An opportunity to fulfill all the miztvos of eretz yisrael on your own private field. 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. Russ Niles. The company will … 13:00 E-mail: subs@jpost.com, Copyright © 2020 Jpost Inc. All rights reserved. El Al raised NIS 505 million in a public offering of its shares this week. The airline stopped flying late last week and put almost all its 6,500 employees on paid leave. Your next vacation in Israel begins here! Every El Al flight has been grounded until further notice. Israir CEO Uri Sirkis expects 150,000 Israeli tourists to visit Morocco in 2021. MELANIA BREAKS SILENCE: “Disappointed And Disheartened” By Deadly Riot; Slams Those... New York State Bar Association Wants To Revoke Giuliani Membership. El Al claims airline's buyer is front man for his non-Israeli father. 14 things you should know about Global Entry before your next trip. 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 … 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. Essential Reading. Toll Free number in Israel only 1-800-574-574  Updates about EL AL flights, new offers, public notices, responses and more. Copyright © 2020 | The Yeshiva World. Aviation News; news; El Al’s Fate Determined This Week. Facebook. It has debt of $1.3 billion to banks and owes another $300 million to ticketholders whose flights were canceled. When the markets closed, company shares sold at a minimum price of 67.1 agurot per share. Even the $250 million government-guaranteed loan the treasury is offering won’t keep El Al afloat for long. 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. All rights reserved. This reflects a special and genuine affinity to the State of Israel. CTRL + SPACE for auto-complete. 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 When the markets closed, company shares sold at a minimum price of 67.1 agurot per share. 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 to be nationalized, state to purchase $150m. Stock analysis for El Al Israel Airlines (ELAL:Tel Aviv) including stock price, stock chart, company news, key statistics, fundamentals and company profile. If Rozenberg jr. took off his Kippa, ElAl would be happy to meet and be even delighted at his buying offer. Print. The launch of the new service is the outcome of a series of bilateral agreements signed between the UAE and Israel. 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. This allows us to report on current events free of any bias or prejudice. Live, breaking and in-depth news from Asia, Africa, the Middle East, Europe and the Americas. It reported a $140 million first-quarter loss before the brunt of the pandemic hit. For Further Information. Fax: 972-3-561-3699 El Al said 6,080 employees are on unpaid leave, compared to 6,100 as of July 16. 12 Mistakes Most Tourists Make in Israel. El Al raised NIS 505 million in a public offering of its shares this week. Later on Monday, Israir received approval from Greek authorities to send rescue flights to Thessaloniki for the purpose of returning Israelis home. 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. El Al plans to operate three flights a day on Sundays and Thursdays and two flights on other days of the week. The new owner of Israeli national airline El Al is a 27-year-old son of … Authors. Stock analysis for El Al Israel Airlines (ELAL:Tel Aviv) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Gulf Air and EL AL Airlines are set to embark on a collaboration following the signing of a memorandum. [more - original PR] Want More News Like This? An El Al flight from the US to Israel was forced to make an unscheduled stop in Canada Friday. 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'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. Watch Al Jazeera’s live broadcast now. That offering is expected to take place in late August or early September. 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. For international customers: The center is staffed and provides answers on Sundays through Thursdays between 7AM and 6PM  Visit Israel with El Al - Affordable and convenient ways to order airline tickets online, for attractive prices! An EL AL flight en route to Tel Aviv from Toronto was forced to return to the city after issuing a mayday call. This change is effective on Dec. 31, 2020, when American Express and El Al’s partnership seemingly ends. El Al lost $140 million in the first quarter and owes $350 million in refunds for canceled flights. Find photos and videos, comment on the news, and join the forum discussions at al.com 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 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. Captain, Owners Of NY Illegal Party Cruise Arrested. 07.01.2021 . In September, Saudi Arabia declared that it will be allowing all foreign civilian flights to fly over its airspace, but didn't mention Israel. El Al launches Tel Aviv-Dubai service. 2020-11-25T10:42:00Z. Moscow, Russia - May 10, 2013: El Al Boeing 747 takes off Domodedovo International Airport. SIGN UP FOR NEWSLETTERS. The service will operate once weekly, completing a round trip with a Boeing Dreamliner that seats 271 people. El Al has been quite busy in recent days in building up its UAE bound exposure. 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  The carrier is scheduled to operate twice daily with Boeing 787 and 737-900 aircraft. Last week, El Al resumed flights to Frankfurt and Amsterdam, while flights to Los Angeles, Miami and Kiev will restart. 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. See the map, stats, and news for areas affected by COVID-19 on Google News It seems to me that the arab Hanniya also turned down 15 billion in foreign aid for similar reasons. Rozenberg in … Write CSS OR LESS and hit save. 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. With COVID-19 literally grounding much of the world, the road was tough for El-Al as it was. El Al began resuming cargo flights on Monday and plans to gradually roll out limited passenger service starting October 1. El Al Will Fly Its Newest Dreamliner to America Later This Year. El Al Airlines announced on Sunday that it will be operating the first flight from Israel to Morocco on Tuesday, December 22. 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. 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%. 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. Flights will be on Boeing 737-900 and 787 Dreamliner aircraft, it said. 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. El Al Refuses To Meet With Potential Buyer Eli Rozenberg. 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. The move came during during an official visit from the kingdom of Bahrain to Israel. Updated flight schedule to Israel for December 22-23, 2020. EL AL suspends its flights to Beijing EL AL Israel Airlines announced that flights to Beijing will be temporarily suspended until 25 March 2020. Telephone: *2421 * Extension 4 Jerusalem Post or 03-7619056 Fax: 03-5613699E-mail: subs@jpost.com Read all about El Al here as TPG brings you all related news, deals, reviews and more. El Al is supposed to issue an offering to raise $150 million by the end of August, based on a Finance Ministry decision. Finance Ministry Director-General Keren Turner sent a letter to El Al urging the company to seriously consider Rozenberg’s offer. July 5, 2020. 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. All News Coronavirus – Policy and Updates. Police Disperse Minyan in Beitar and Talmud Torah in Modi’in Illit... Israel: 2 Pediatric COVID Patients Are Ventilated. 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