El Al Offered $230 Million From Israeli Government
Israel has offered their flight carrier, El Al $230 million for government funding. After being taken over by Eli Rosenberg, a businessman from New York, the airline received an offer from the Israeli government to help keep it alive. It is likely that the airline will take the deal since there’s no reason why not to. The reason why they did not take the $300 million deal last time was because they were in a hassle of trying to switch owners. Now, they seem to be an decent spot ownership wise, but they do need the financial support.