El Al Israel Airlines may be floated.
AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD
The Israel Government Companies Authority (IGCA), which is charged with privatising El Al Israel Airlines, has indicated that it is considering floating part or all of the airline on Tel Aviv Stock Exchange.
Jacobs also said that the airline needs to be privatised soon or its future could be in doubt due to its precarious financial situation. El Al has been badly affected by a drop in tourism related to the ongoing conflict in the region.
((Comments on this story may be sent to aii.feedback@m2.com))
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