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 6, 2002 |
But for a lottery, the man who shot up LAX might not have been there. Six years ago, Hesham Mohamed Hadayet, 41, a moon-faced Egyptian with a 5 o'clock shadow and a receding hairline, was facing deportation for overstaying his visa. Then his wife got lucky. She was one of 55,000 immigrants who won a visa in an annual State Department lottery for people from countries with low immigration rates. It gave the couple permission to live and work permanently in the United States.
CALIFORNIA | LOCAL
March 31, 2005 |
The city of Los Angeles is not liable for damages in the shooting deaths of two people during an attack at an El-Al Israel Airlines ticket counter at Los Angeles International Airport, a federal judge has ruled. Victoria Hen, 25, an El Al employee from Chatsworth, and Yaakov Aminov, 46, a diamond broker from North Hollywood, were killed when Egyptian-born Hesham Mohamed Hadayet, 41, opened fire on a line of passengers checking in for a flight to Israel on July 4, 2002.