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El Al to repay government loan

El Al to repay government loanEl Al to repay government loan El Al Israel Airlines is reported to be planning to repay a $45 million loan from the government during the COVID-19 pandemic by the end of the year. The new deal reached between the airline and Finance Ministry ensures the loan is paid off two years ahead of schedule but also confirms that the planned $62 million share offering would be delayed until April 2023, while the state will advance El Al security payments of $20 million by December 20. El Al is still prohibited from paying dividends or share buybacks until 2028.

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