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Jul 8, 02, 1:28 pm
Israel panel okays selling all of El Al Airlines
Israel's ministerial privatisation committee on Monday approved a proposal to sell 100 percent of state-owned national carrier El Al Israel Airlines [ELAL.UL], a government official said.
The privatisation committee is headed by Prime Minister Ariel Sharon, who has given full support to privatising El Al, which has been talked about for years without result.
The sale will be done in stages, with the first phase expected to be completed within a year, Alex Goldengoren, director general of the Government Companies Authority, told Reuters.
http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=201&feed=reu§ion=news&news_id=reu-l0895349-u1&date=20020708&alias=/alias/money/cm/nw
Israel's ministerial privatisation committee on Monday approved a proposal to sell 100 percent of state-owned national carrier El Al Israel Airlines [ELAL.UL], a government official said.
The privatisation committee is headed by Prime Minister Ariel Sharon, who has given full support to privatising El Al, which has been talked about for years without result.
The sale will be done in stages, with the first phase expected to be completed within a year, Alex Goldengoren, director general of the Government Companies Authority, told Reuters.
http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=201&feed=reu§ion=news&news_id=reu-l0895349-u1&date=20020708&alias=/alias/money/cm/nw