El Al accepts $400m bailout, with airline likely to be nationalized

Struggling carrier El Al could be flying back into state hands, as the company’s board accepted a government bailout Monday that would likely give the state some 61 percent of the firm. Under the deal, the airline will get a $250 million government-backed loan, with guarantees for 75% of the loan, in case the firm defaults. (www.timesofisrael.com) 更多...