Finance Ministry denies El Al’s $350M loan request – The decision on whether to bail out Israel’s national flag carrier now falls to Prime Minister Benjamin Netanyahu. | israelhayom.com
El Al airlines said Monday that the Finance Ministry has rejected its appeal for an emergency state loan of $350 million to weather the coronavirus pandemic.
Israel’s flagship carrier is facing financial ruin over the fact that the global pandemic, as well as the government’s containment measures, have all but grounded air traffic as a whole.
Israel’s flagship carrier is facing financial ruin over the fact that the global pandemic, as well as the government’s containment measures, have all but grounded air traffic as a whole.
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