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[ News ]May 23, 2020 6:14 am ET

By Victor Shalton

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…

[ News ]May 13, 2020 8:00 am ET

By John McDermott

American Finds Cash Cushion Amid Coronavirus Pandemic

American Airlines has announced that, with government aid, it has enough liquidity to survive the travel drop-off associated with the Coronavirus pandemic. American reported its Q1 results a bit over a week ago and it revealed its current liquidity status as well as its current cash flow position. The airline…