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Aviation

Israel to provide up to $44 mln in state aid to COVID-hit airlines

cde.news desk · 1 min read
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epa08637260 A view of the scenery through the window of Israeli flag carrier El Al's flight LY971, as it is approaching for landing at the airport of Abu Dhabi, United Arab Emirates, 31 August 2020. The El Al flight, scheduled to leave at 0730 GMT from Ben Gurion Airport near Tel Aviv, will carry a delegation led on the American side by President Donald Trump's son-in-law and White House advisor Jared Kushner. EPA-EFE/NIR ELIAS / POOL

JERUSALEM, Nov 21 (Reuters) – Israeli cabinet members approved an additional bailout plan for airlines further harmed over the by the COVID-19’s Delta strain, the finance and transportation ministries said in a joint statement on Sunday.

Total state aid would not exceed $44 million for all of Israel’s carriers and would come in the form of bonds converted into shares for three years without interest.

(Reporting by Steven Scheer)

Reuters

Filed under Aviation
Topics AirlinesCoronavirusIsrael

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