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El Al Receives $50M Capital Injection from Owner Eli Rozenberg


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MIAMI – El Al Israel Airlines (LY) controlling shareholder Eli Rozenberg has decided to inject an additional US$50m into the ailing airline. The money was part of an agreement with the Ministry of Finance, which saw Rozenberg buy a controlling 42.9% stake for US$105m in El Al’s public offering on the Tel Aviv Stock Exchange (TASE) […]

The post El Al Receives $50M Capital Injection from Owner Eli Rozenberg appeared first on Airways Magazine.

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