U.S. businessman Rozenberg gets nod to control Israel s El Al
FILE PHOTO: An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. REUTERS/Eric Gaillard/File Photo reuters tickers
This content was published on May 19, 2021 - 14:58
May 19, 2021 - 14:58
By Steven Scheer
JERUSALEM (Reuters) - Israel s government on Wednesday gave permission for businessman Kenny Rozenberg to join his son in controlling flag carrier El Al Israel Airlines.
Rozenberg, the chief executive of New York-based nursing home chain Centers Health Care who recently became an Israeli citizen, will be eligible to join the airline s board.
US Businessman Rozenberg Gets Nod to Control Israel s El Al | Jewish & Israel News Algemeiner com
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U S businessman Rozenberg gets nod to control Israel s El Al
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Kenny Rozenberg granted permit to be El Al owner
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Cabinet approves aid package for Israel s airlines
El Al, Israir and Arkia will all receive a 20-year advance on air tickets for their security staff.
Fourteen months after the operations of airlines ground to a halt at the start of the Covid-19 pandemic, Israel s cabinet have approved an assistance package for El Al Israel Airlines Ltd. (TASE: ELAL), following the coronavirus crisis and the exceptional damage to Israel s aviation industry.
As part of the agreement, the state will buy airline tickets for airline security staff for the next 20 years at a significant discount and will pay $210 million. Government foot dragging on reaching this agreement has meant that El Al has still been unable to refund many of the passengers who bought tickets for cancelled flights over the past year and two months.