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El Al cancels all flights until further notice

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El Al CEO Gonen Usishkin, ordered all of the company's aircraft to return to Israel. All flights, including both passenger and cargo flights, are cancelled until further notice.

 

El Al has cancelled all flights planned for Wednesday, after the pilot's union announced that pilots would not embark on flights due to the company's financial crisis.

 
According to Globes, El Al CEO Gonen Usishkin ordered all of the company's aircraft to return to Israel. All flights, including both passenger and cargo flights, are cancelled until further notice.
El Al lost $140 million, about half a billion NIS, in the first quarter of 2020, according to a report by the company on Tuesday.
 
The pilot's union announced on Tuesday evening that after "the administration of the company did not even respect the agreements that were signed with the union less than a month ago, the union had no choice but to arrive to the conclusion that the owners of the company are unable to save it from its situation," KAN news reported. The dispute between the pilots and the company was also caused by the refusal by El Al to transfer Boeing 737 pilots to Dreamliner aircraft for cargo and passenger flights, according to Maariv.
 
El Al announced that it was in advanced stages of arriving to an agreement to receive aid from the government, but still needed the agreement of the workers and unions in order to receive the aid.
 
Since the coronavirus crisis began, about 100 pilots have continued working for El Al, while the rest are on unpaid leave.

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apesar do sensacionalismo deve ser uma parada a la copa airlines

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A El Al vem pleiteando ajuda estatal, porém parece que de um lado quer que a ajuda seja de empréstimo, o outro como aumento de capital.

 

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El Al Accepts State Aid

El Al Accepts State Aid
 
 
LONDON – Israeli flag carrier El Al Israel Airlines (LY) has decided to accept a rescue package from the Israeli government after its first rejection of the measure. As part of the aid package, the company will receive loans amounting to US$50m, most of which is guaranteed by the state.

The airline also expects to raise a further US$150m through the sale of shares. If they are not fully received by the public, the state will take over the papers, which will make it a shareholder in the company again.

El Al recently suspended all flights due to a dispute with the unions.

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El Al 777-200ER. Photo: El Al

INDEFINITE SUSPENSIONS OF OPERATIONS


On July 1, LY announced all flights and other operations had been suspended. The announcement came in a turbulent time for the airline, with Q1 cash loss and workforce union disputes.

At the time, El Al CEO Gonen Usiskhin ordered all aircraft to return to Israel, and the airline is reportedly refusing to rebook US passengers, citing complaints with the US DOT against LY.

The airline is bleeding cash, so the acceptance of the state aid was reasonable; however, problems have been around for the airline for a while, including an unnecessarily large workforce and high salaries.

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El Al Boeing 777-200ER. Photo: Andrea Ongaro

RETURN TO MANCHESTER


At the end of May, LY operated its first non-stop service from its base in Tel Aviv to Manchester in 18 years. The airline last operated this route in 2001.  

The flight was operated with one of the carrier’s Boeing 737-800 aircraft, set up in a two-class configuration with a Business and Economy Class seating layout. The new route is one of the new European destinations in El Al’s network.

In addition to Manchester, El Al also launched a new service to San Fransisco (SFO) and upgraded its London-Heathrow (LHR) service to its brand-new Boeing 787-9 Dreamliner.

https://airwaysmag.com/airlines/el-al-accepts-state-aid/

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