Americans need to understand the Middle East
How much do we really know?

At The Media Line, we value all points of view and aim to mend our differences through fact-based narrative-inclusive journalism Help support our bold and brave team in Afghanistan, Gaza, Israel, Palestinian Territories, the UAE, and beyond.
Help us continue our work and provide access to the news that matters to you.

Thank you and best wishes to you and yours for this Jewish New Year.
 
Felice Friedson
Founder, President
El Al Reaches Deal with Unions to Help Remain Airborne
Headed again for the skies? An El AL Boeing 787 takes off for Tel Aviv from San Francisco last November. (JacobAviation/Wikimedia Commons)

El Al Reaches Deal with Unions to Help Remain Airborne

The management of El Al, Israel’s de facto national airline, says it reached an agreement overnight that will send home – for good – about one-third of its administrative and maintenance workers, who together make up close to 60% of the company’s workforce. The onetime state-owned airline was deep in the red even before the coronavirus pandemic and has furloughed well over 80% of its employees since March. It grounded its entire fleet, including cargo aircraft, until the end of the month. On Monday, the state agreed to a bailout in the form of a $250 million guaranteed loan conditioned on firings and the floating of new stock shares. The streamlining agreed to overnight between Tuesday and Wednesday will be encouraged by early retirement incentives and attractive severance packages expected to save the company close to $90 million per year. If this proves insufficient or the firm defaults on the guaranteed loan, the state could find itself a majority owner of El Al, considered one of the world’s least profitable major airlines primarily owing to the fact that it does not fly on Friday evenings or Saturdays. This policy is aimed at attracting customers from the country’s relatively large population of religious Jews, who prefer to avoid patronizing companies that operate on the Sabbath.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.