Kenny Rozenberg, US businessman and controlling shareholder of El Al Israel Airlines Ltd has increased his stake in the airline from 39% to 45%, by converting warrants to shares. Going ahead, Rozenber...
Israeli insurer Phoenix has exercised an option to buy roughly 20% of El Al Israel Airlines' frequent flier program. El Al said that following the deal, it would no longer need to raise additional cap...
El Al Israel Airlines is reported to be planning to repay a $45 million loan from the government during the COVID-19 pandemic by the end of the year. The new deal reached between the airline and Finan...
El Al has closed a transaction to monetise its loyalty club. The Israeli airline has sold its Matmid Frequent Flyers Club to a wholly-owned subsidiary and has provided The Phoenix Group with an option...
El Al Israel Airlines has notified employees of an extension of unpaid leave until December 31. The airline expects the "the gradual return of employees from unpaid leave will be in accordance with th...
Philippine Airlines (PAL) has signed a Memorandum of Understanding (MOU) with El Al Israel Airlines to boost tourism in both countries. El Al president, David Maimon, said: “The MOU is a way to look f...
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