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Israel’s El Al in talks to buy Airbus jets in potentially historic shift 

Business & Finance

El Al Israel Airlines (ELAL.TA) is in “serious” talks with planemaker Airbus (AIR.PA) to buy as many as 30 A321neo jets, El Al’s CEO exclusively told Reuters, in what would be an historic change of supplier as it looks to replace its short-haul fleet.  

Market Impact

El Al is targeting $3.5 billion in annual revenue and 7.7 million passengers in 2028 for a 24% market share at Ben Gurion International Airport near Tel Aviv. It expects revenue of $2.4 billion in 2023, up from $2.0 billion last year. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Aerospace & DefenceBusiness & Finance

Regions: Middle East

Countries: Israel

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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