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Israel panel okays selling all of El Al Airlines

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Old Jul 8, 2002, 12:28 pm
  #1  
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Israel panel okays selling all of El Al Airlines

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...as/money/cm/nw
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Old Jul 9, 2002, 6:10 am
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Government to sell national airline El Al

http://www.chicagotribune.com/news/n...ionworld%2Dhed
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Old Jun 9, 2003, 5:13 am
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El Al Set For Privatization

Israel's national airline El Al goes heads for privatization Tuesday with five groups already bidding for control, according to weekend reports.

The airline is putting 49 per cent of its stock up for sale in an initial public offering on the Tel Aviv stock exchange...

http://news.airwise.com/stories/2003/06/1055154269.html

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Old Jun 10, 2003, 5:15 pm
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and also here
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Old Jun 12, 2003, 5:51 pm
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and isn't the stock doing well - see the story here.

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Old Jun 16, 2003, 11:11 pm
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Yes the stock is doing stunningly well. The million dollar question though is (like all airline stocks) where will the stock be in 5 years?
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