February 23, 1995 |
Israel to Sell Stake in El Al: The government plans to sell 51% of the national airline on the Tel Aviv and New York stock exchanges by late March, 1996, the company's president, Rafi Harlev, said. As much as 18% of El Al Israel Airlines stock will be sold on the Tel Aviv exchange by May 31, Harlev said. The remainder will be issued in New York by late March, 1996. "We are now in the speedy process of preparing the prospectus and finding underwriters," he said.
March 20, 1995 |
El Al Israel Airlines 1994 Profits Soar: The airline, which is to be privatized later this year, reported sharply higher profits of $14 million for 1994, up from $9.9 million in 1993. Revenue rose 11.7% to $1.036 billion. The national carrier just emerged from receivership, paving the way for its privatization. It went into receivership in 1982 after huge losses and years of labor unrest. The government plans to sell off a 51% stake.
October 28, 1999 |
El Al Israel Airlines Ltd. decided to split an aircraft order between Boeing Co. and Airbus Industrie, allowing the European plane maker to crack the fleet of a prominent all-Boeing customer. El Al gave Boeing an order valued at about $400 million to supply three of its long-range 777s. But the carrier also plans to order three or four Airbus A-330-200 jets to replace some of its Boeing 767s, El Al spokesman Nachman Kleinman said. Israel Radio said the Airbus 330s will cost $250 million.
CALIFORNIA | LOCAL
July 7, 2002 |
The Egyptian man who killed two people after opening fire on the Fourth of July at the El Al Israel Airlines ticket counter at Los Angeles International Airport died of a gunshot wound to the abdomen, the county coroner's office said Saturday. An autopsy Saturday on Hesham Mohamed Hadayet, 41, showed that he died from the abdominal wound, said Medical Examiner James K. Ribe.
CALIFORNIA | LOCAL
July 6, 2002 |
The fatal Independence Day shooting at Los Angeles International Airport highlights just how difficult it is to protect people who use the nation's airports from random acts of violence. Even with the heightened security in place since the Sept. 11 terrorist attacks, there is nothing to prevent someone carrying a weapon from walking into one of the nation's 429 commercial airports, which are essentially public places like shopping malls or grocery stores.