EL AL Israel Airlines , established in 1948 as Israel's national airline carrier, has since led the country's passenger and cargo air transportation sector. Its main activities are passenger and cargo transport via scheduled flights. Charter flights are carried out by Sun D'or International Airlines Ltd., a wholly owned subsidiary that acts as a tourism organizer. In addition, the company sells duty free items and prepares and supplies in-flight food through subsidiaries and affiliates and provides maintenance services to other airlines.
In 2012, EL AL had scheduled flights to 38 destinations directly, and many other destinations around the globe through cooperation agreements with other airlines. The company also carries more than 100,000 tons of cargo each year.
As of December 2012, EL AL's fleet included 37 Boeing aircraft in service, with 22 owned by the company. The company is in the process of re-equipment and of reducing the age of its aircraft fleet. As such, EL AL has purchased an additional two Boeing narrow-bodied 737-900s (out of a total six). The first of these aircraft will be begin service in October 2013. The company is also negotiating to purchase a new wide-bodied aircraft. In addition, the company is acting to reduce the age of its fleet and in 2012, has taken all the 757 aircraft out of service.
The FIMI fund is currently investigating the signing of an agreement to make a major investment in the company.
EL AL strives to provide a rich flying experience including a wide choice of quality entertainment programs, a variety of meals and sale of duty-free items. EL AL's Frequent Flyer club is a popular, long-established program, offering special benefits to loyal customers. In 2012, membership topped the one million mark.
During 2012, EL AL's market share was 33.6%. Load factor was 82.5%. The EL AL Web site continued its dramatic sales growth both in Israel and worldwide and recorded a 24% increase in direct Internet sales during 2012.
In 2012, EL AL agreed with Vietnam Airlines Company Limited on a code share agreement for the Tel Aviv/Hanoi and Ho Chi Minh City routes via Hong Kong. In addition, the company signed a new code share agreement with Thai Airways replacing a previous agreement.
During the third quarter of 2010, EL AL began operating three daily flights between Tel Aviv (Ben Gurion airport) and Eilat.
EL AL remains determined to promote its vision of leading the Israeli aviation market and establishing itself as the first choice for air travel to and from Israel. The company's Chairman of the Board Amikam Cohen, CEO of Hutchison Water Holdings and former CEO of Partner Communications, has called for a new strategic plan that will prepare the company for the challenges of the coming years and respond to increased competition in the aviation industry and the world economic crisis.
Elyezer Shkedy has been President & Chief Executive Officer of EL AL Israel Airlines since January 2010. Prior to this, Shkedy was a General in the Israel Defense Force and former Commander in Chief of the Israeli Air Force. During his service in the IDF, Shkedy participated in numerous military operations as a pilot and a strategic planner. Eliezer Shkedy holds a B.Sc. in Mathematics and Computer Science from Ben-Gurion University and M.A with honors in Systems management at the US Naval Postgraduate School (NPS), California, USA.
Nissim Malki has been Chief Financial Officer of EL AL since 2003. Malki served as EL AL's Treasurer prior to his present position. He currently serves on the Board of Directors of Superstars Holidays Ltd. Nissim Malki received his Bachelor of Science degree in Industrial Engineering & Management from the Technion - Israel Institute of Technology and his MBA from Tel Aviv University.
In 2009, Mr. Amikam Cohen was appointed EL AL's Chairman of the Board of Directors. Mr. Cohen is the CEO of Hutchison Water Holdings Company, a division of the Hutchison Whampoa group. Mr. Cohen was the founder and the first CEO of Partner Communications Ltd. until 2007. He previously served as the CEO of the Elite and Strauss groups, and at several top management positions at Tadiran. Mr. Cohen received his Bachelor of Science degree in Industrial Engineering & Management from Ben-Gurion University.
Tamar Mozes Borovitz
Tamar Mozes Borovitz has been Vice Chairman of the Board of EL AL and a member of the board of Knafaim Holdings Ltd. since 2005. She also serves as Chairman of Dori Media Group and is a board member of Mapal Communications Ltd. and Tamar Mozes Investments. Mrs. Borovitz holds a bachelor's degree in political science and sociology from Bar-Ilan University.
Yehuda Levy was appointed a member of the Board in 2008. He also serves as Chairman of Knafaim Holdings Ltd., EL AL's parent company and as a board member of Dori Media Group Ltd., A.L. Aviation Assets Ltd. and Adanim Wood Industries Ltd. Levy is the Managing Partner of Goldfarb, Levy, Eran, Meiri, Tzafrir & Co - the second largest law firm in Israel. Mr. Yehuda Levy holds an LL.B from the Hebrew University, Jerusalem and is a member of the Israel and New York State Bar associations.
Pinchas Ginsburg was appointed a member of the board in 2009. He also serves as CEO of Hillel Tours Ltd., a travel agency that represents foreign carriers in Israel, a board member of West East LTD., a company that represents foreign carriers in Israel, Privilege Tourism LTD, a tourist company, Maditred Jerusalem Ltd., a travel agency, and Airtour Ltd., air and land package distributors. Mr. Ginsburg holds a graduate degree in Economics & Accounting, from the Tel Aviv University, Israel.
Shlomo Hanael has been a member of the board since 2009. He also serves as CEO of Knafaim Holdings LTD, EL AL's parent company and as a board member of Global Knafaim Leasing LTD, Tal Limousine and QAS (Alternating with Swissport), and Kanfei Tahzuka. Mr. Hanael holds an MBA from Tel Aviv University, Israel and a B.Sc. degree in Aeronautical Engineering from the Technion, Haifa, Israel.
Sophie Kimerling has been a member of the EL AL board since January 2011. Ms. Kimerling is also a board member of Knafaim Holdings Ltd., and Sun Dor International Airlines. Ms. Kimerling worked for National Semiconductor (Israel) for over 25 years, as the purchasing department manager. She holds a Business degree from Derby (Israel) University.
Nadav Palti has been a member of board since 2005 and serves as Chairman of the Market Risks Managment committee. Prior to that, Palti served as President and Chief Executive Officer of Dori Media Group and as Chairman of the Board of Mapal Communications Ltd. Mr. Nadav Palti has a bachelor's degree in economics from Tel Aviv University and is a CPA.
Ruth Portnoy was appointed as a member of El Al's board in December 2013. Ms. Portnoy is the Founder and the CEO of TMF- Tailor Made Finance. Previously she worked at Standard and Poor's Maalot for over 10 years, as Vice President. Ms. Portnoy holds a bachelor's degree in Economics and an MBA in Finance from Hebrew University.
Yair Rabinowitch has been a member of the board since 2007. He also serves as Chairman of Modus Selective Investment Management & Advice Ltd. and Medigus - a medical device company. Mr. Yair Rabinowitch has an Accounting degree from the Hebrew University and is a CPA. He is also Chairman of the Finance and Budget & Balance committee.
Prof. Joshua Shemer has been a member of the board since 2008. He is also a board member at Assuta hospital since 2005. Until 2007, Prof. Shemer was Director-General of Maccabi Healthcare Services. Prof. Shemer received his PhD from the Tel-Aviv University Faculty of Medicine.
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CEO Eliezer Shkedy Plans to Step Down More Info
to Fund its Recent Aircraft Acquisitions through Issuing $94 M in Bonds - will Pay 2.45% Interest. More Info
Knafaim Sold 15 Million El Al
Shares, Representing 3.03% Ownership More Info
Reports Q3 2013 Results More Info
Airlines Secured a $190 M Bank Loan for the Purchase of 5 New Boeing 737-900ER Aircrafts More Info
Boeing, EL AL
Israel Airlines Finalize Order for Two More 737-900ERs More Info
FIMI Fund Backs Down from El Al
Investment More Info
Halts Trade of its Stock, Expects to Report a Substantial Event More Info
Globes - 9/10/2013 - Boeing delivers El Al's first extended range 737
The delivery is the first of six 737-900ERs the Israeli carrier has on order and is the latest addition to EL AL's all-Boeing fleet. More Info
WN Top Stories - 21/4/2013 - Israeli airlines strike over "Open Skies" plan
JERUSALEM (AP) — Israel's three airlines went on strike Sunday over a proposed "Open Skies" deal with the European Union that local workers say jeopardizes their jobs. EL AL, Arkia and Israir stopped their outbound flights from Israel early Sunday morning....
WN - Business News - 24/9/2012 - Fuel costs delay anti-missile system on El Al planes
El Al is delaying installation of a new system to protect its airplanes from missile attacks due to a financial dispute with the government. The airline is in the advanced stages of negotiations with defense electronic firm Elbit Systems for the purchase of the system, which provides enhanced protection against missile attacks. But it has held off on installing the product, known as C-MUSIC, due to a financial dispute between El Al and Elbit, on one hand, and the...
WN- Mideast News - 6/5/2012 - Israel President on Air Canada After EL AL Dispute
Connect With Us on Twitter Follow @nytimesworld for international breaking news and headlines. Twitter List: Reporters and Editors JERUSALEM (AP) — Israel's national airline has apologized to President Shimon Peres after attempting to charge him nearly $5,000 to bring an oxygen tank on an official trip to Canada. Israeli media reported last week that Peres opted to fly with Air Canada because El Al, for the first time, wanted to charge the 88-year-old president for the oxygen tank. According to protocol, an oxygen tank and other medical equipment is mandatory whenever an Israeli president or prime minister flies abroad. El Al spokeswoman Anat Friedman said Sunday that the airline sent...
Globes - 15/2/2012 - El Al CEO: Harder for us to compensate passengers
Eliezer Shkedi complained that El Al is handicapped by being excluded from major international airline alliances. More Info
Globes - 1/2/2012 - El Al CEO: Open skies is irresponsible
Eliezer Shkedi: What is being presented now is liable to cause Israeli aviation to crash. More Info
Jerusalem Post - 5/1/2012 - Universities sue El Al to carry lab monkeys
Petition states that over past year airline has begun to raise difficulties for institutions of higher education that request monkeys for research purposes. More Info
Globes - 25/12/2011 - Gov't payout will save El Al $5.8m in security costs
The government will gradually pay up to 90% of Israeli airlines' security costs More Info
Globes - 12/12/2011 - El Al granted permit for fourth daily flight to Eilat
El Al can offer 580 seats in each direction daily on Eilat flights, up from 430. More Info
Globes - 23/11/2011 - Fuel price hikes more than halve El Al's profit
The carrier reported $21 million profit and a 6% rise in revenue in the third quarter. More Info