El Al Israel Airlines (ELAL.TA) is in “serious” talks with planemaker Airbus (AIR.PA) to buy as many as 30 A321neo jets, El Al’s CEO exclusively told Reuters, in what would be an historic change of supplier as it looks to replace its short-haul fleet.
Business & Finance
Israel’s El Al in talks to buy Airbus jets in potentially historic shift
10 August 2023, 4:14 am 1 minute
Market Impact
El Al is targeting $3.5 billion in annual revenue and 7.7 million passengers in 2028 for a 24% market share at Ben Gurion International Airport near Tel Aviv. It expects revenue of $2.4 billion in 2023, up from $2.0 billion last year.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Aerospace & DefenceBusiness & Finance
Regions: Middle East
Countries: Israel
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
