Posted a few minutes ago.

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

Carrier battered by pandemic to receive $250 million government-backed loan and $150 million share offering, with state buying unsold shares
By TOI STAFF Today, 7:27 pm - July 6 2020

Details: https://www.timesofisrael.com/el-al-...-nationalized/


Jerusalem Post article

El Al to be nationalized, state to purchase $150 mil worth of stocks

The state will take over the national airline company until it can be sold to an investor.
By JERUSALEM POST STAFF JULY 6, 2020 19:29

https://www.jpost.com/israel-news/el...-stocks-634061