Business & Finance
10 August 2023, 4:14 am 1 minute
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.
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.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Aerospace & DefenceBusiness & Finance
Regions: Middle East
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story