The airline has cancelled its order for four Boeing 777-200ER's, which it made in March 2008. These have now been cancelled and the airline has now transferred its existing deposits towards future aircraft orders.
Israel airline strike ends after government, El Al forge deal
Israel reached an agreement with airline El Al on Monday to help cover its security costs, which ended a two-day strike and will help the flag carrier be competitive in an open-skies deal with Europe.
Flights at El Al and two smaller airlines were grounded for a second day as workers protested against the open-skies deal with Europe, which was approved by the cabinet on Sunday and which they feared could cost them their jobs.
As it continues talks to obtain a USD300 million loan from Bank Leumi, Israel Discount Bank, and other financial bodies, armed with an 82.5% state guarantee, El Al Israel Airlines (LY, Tel Aviv Ben Gurion) has begun to implement one of the conditions of that rescue plan - to streamline its...
The redundancies would affect 1,600 staff, both temporary and permanent, and in all the airline’s departments. The first of these employees began to be notified this week by human resources to attend hearings on the issue.
Among those to leave are 71 of the carrier’s 638 pilots, in addition to 32 pilots who were laid off in 2020 and 40 others who departed voluntarily.
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