Page 8 - Eli Rozenberg News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Apr. 7, 2021 El Al Airlines said on Wednesday it planned to raise at least $105 million through an offering of shares, warrants or both to meet a key condition to receive a government bailout package. Israel’s flag carrier said in a regulatory filing in Tel Aviv that the offering would be held by the end of July, though it added that not all conditions in the bailout arrangement had been met, including a final government approval. It said it had signed a collective bargaining agreement with its labor unions for state-mandated job reductions. The government agreed to a $210 million bailout of El Al, which changed hands in late 2020 and was forced to slash one-third of its staff, or 2,000 workers, and other costs. The state also required new owner Eli Rozenberg to inject more cash into the airline.

Tel avivEli rozenbergAvigal soreqEl alEl al airlinesதொலைபேசி அவிவ்எலி ரோஜேண்பேற்க்எல் அல்எல் அல் விமான நிறுவனங்கள்