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As financial difficulties pile up and union tensions increase, El Al Israel Airlines has suspended all operations indefinitely. (Photo: AirlineGeeks | Fabian Behr)

Israeli Parliament Passes Bill to Save El Al from $400 Million Lawsuit

Customers have taken up a class action lawsuit against El Al Israel Airlines at the Central District Court over its actions to refund customers whose flights have been canceled due to pandemic-related restrictions, the airline announced in a statement to the Tel Aviv Stock Exchange on 12 July. Israel’s flag carrier airline owes its customers a total of approximately $400 million. It is alleged that the company has not compensated its customers for canceled flights within the time limit set by the…

El Al Israel Airlines Agrees to Taking Government Assistance

Just days after announcing they would be indefinitely suspending all operations, El Al Israel Airlines agreed to become nationalized. This development is part of a plan regarding a bailout for the airline that has had significant financial struggles due to the COVID-19 pandemic. The Israel-based carrier and its controlling shareholder…

El Al Suspends Operations Indefinitely

El Al Israel Airlines has canceled all flights and suspended operations indefinitely. All flights, including passenger and cargo services, have been stopped. The announcement comes as the carrier reported massive losses over the first half of 2020 and after the airline’s pilots refused to fly amid a labor crisis. El…

EL AL Seeks $400 million From Israeli Government

Israeli flag carrier El Al, which has been crippled by the COVID-19 pandemic, is seeking state-guaranteed bank loans of up to $400 million after finding itself in a serious cash flow crisis leading to a halt in its passenger operations. The company has already taken various measures to tackle the…