Ministries of Finance and Transportation reached an understanding on an inflow of tens of millions of dollars in the near future

After intensive negotiations that have taken place in recent weeks between the El Al management and the professional staff in the Ministries of Finance and Transportation, the parties reached an understanding today (Thursday) on the basis of further assistance in the wake of the crisis caused by the Omicron variant.
The outline will include an inflow of tens of millions of dollars in the near future, which will come from the controlling shareholders of the company and the state, and it will allow the company to get through the crisis in the coming months. At the same time, the state also maintains contacts with other Israeli airlines, which will be offered an outline of the same principles on the basis of equal criteria.
Finance Minister Avigdor Lieberman: "The new outline will allow companies to overcome the crisis while maintaining the principle that state aid will be provided in parallel with the injection of external capital into the company, which will strengthen its capital structure. I hope that in the coming month."