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From the Liveblog of
Sunday, May 10, 2020
From the Liveblog of
Sunday, May 10, 2020
Kahlon to decide today on whether to offer EL Al loan — report
Add ToI as a Preferred Source on GoogleFinance Minister Moshe Kahlon hopes to make a decision today about whether national carrier El Al should be offered state-backed loan guarantees or should be liquidated, Channel 12 news reports.
According to the report, officials privy to the discussion were favoring liquidation.
However Finance Ministry Director-General Shai Babad tells Army Radio that in fact the loan guarantees were “currently the preferred option.”
Channel 13 news reported Friday that the airline was already in such a poor financial state even before the crisis that banks view loans to it as too risky.
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