Route Community Replace for El Al Israel Airways

Italy’s Poste Air Cargo debuts scheduled int’l ops

16.04.2021 – 07:50 UTC

Poste Air Cargo (M4, Rome Fiumicino) launched its first scheduled worldwide cargo route, from Rome Fiumicino to Tel Aviv Ben Gurion, on April 10, 2021.

The Italian cargo specialist, owned by the nationwide postal operator Poste Italiane, mentioned it might function the route weekly so as to add extra capability to compensate for the shortage of bellyhold capability between Italy and Israel. It would use B737-400(F) plane, the primary flight of which was operated by EI-GUA (msn 28888), Flightradar24 ADS-B knowledge exhibits.

Poste Air Cargo deploys its in-house fleet of two ATR72-500(F)s and 5 B737-400(F)s on home in a single day mail and cargo companies largely out of its primary hub at Brescia airport. It has secondary bases at Cagliari and Rome Fiumicino. The provider additionally wet-leases a B737-300(F) from KlasJet, a B737-400(F) from Bluebird Nordic, and an ATR72-200(F) from RAF-Avia.

Based on the ch-aviation schedules module, there are at present no scheduled passenger or cargo flights between Italy and Israel. Nonetheless, El Al Israel Airways…

Israel’s El Al plans $105mn share subject earlier than mid-3Q21

09.04.2021 – 03:49 UTC

El Al Israel Airways (LY, Tel Aviv Ben Gurion) plans to lift a minimum of USD105 million in an providing of shares, warrants, or a mixture of the 2, it outlined in a inventory change submitting on April 7. The measure is a key situation to receiving a USD210 million authorities bailout bundle.

El Al should maintain the providing by July 31, it mentioned, but it surely added that not the entire situations to entry the state assist had but been met, “together with a call by the federal government on the approval of the details of the settlement with the state.” Nonetheless, on April 6, it had signed a collective bargaining settlement with its unions on state-mandated job cuts.

As beforehand reported, final month Israel’s authorities agreed to purchase tickets upfront for aviation safety personnel value USD210 million, protecting the subsequent 20 years, each from the ailing flag provider and its low-cost unit Solar d’Or Worldwide Airways (2U, Tel Aviv Ben Gurion), as a part of the bundle of assist measures overseen by the…

Israel to bail out El Al with $210mn ticket-purchase plan

18.03.2021 – 23:30 UTC

Israel’s authorities has agreed to purchase tickets upfront value USD210 million from ailing flag provider El Al Israel Airways (LY, Tel Aviv Ben Gurion) and its low-cost unit Solar d’Or Worldwide Airways (2U, Tel Aviv Ben Gurion) as a part of a bundle of assist measures overseen by the Ministry of Finance, the airline revealed in a inventory change submitting on March 18.

The state of Israel can pay the corporate “for a provide of flight tickets for personnel within the aviation safety system,” protecting the subsequent 20 years, a sum that may stay unchanged even when safety necessities are altered.

The federal government will switch the funds in a set of instalments: ILS450 million shekels (USD136.5 million) inside two enterprise days; ILS118 million (USD35.8 million) inside two days of the entry into drive of an settlement with workers on severance pay and pensions for dismissed staff; and the remainder inside two days of an auditor’s approval that the corporate has paid a minimum of USD20 million from non-trustee funds to workers for termination of employment….

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