|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2000 - 0.2000|
|52 Week Range||0.1179 - 0.3800|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
El Al Israel Airlines is opposing the purchase of a controlling stake by religious student Eli Rozenberg, alleging he is a front man for his father, who is not an Israeli citizen as required by law, according to a letter from its lawyers. In the letter seen by Reuters, the financially strapped group's board requests government ministers reconsider giving the 27-year old Rozenberg control of Israel's flag carrier. Eli Rozenberg's newly created Kanfei Nesharim Aviation bought $107 million worth of shares in an offering last week that gave him a nearly 43% stake in Israel’s flag carrier.
A 27-year-old U.S.-born yeshiva student has secured control of El Al Israel Airlines following a public share offering that was a government condition for the carrier to receive a 75% state-backed $250 million loan. Eli Rozenberg's newly created Kanfei Nesharim Aviation bought $107 million of shares that would give him a nearly 43% stake in Israel's flag carrier, his spokesman said Thursday. Rozenberg, who resides in Israel, is the son of Kenny Rozenberg, chief executive of New York-based nursing home chain Centers Health Care.
El Al Israel Airlines said on Thursday it would resume some passenger flights in October, a day after the cash-strapped carrier raised $148 million in a state-mandated share offering. Israel's flag carrier said it would begin flying to Athens on Oct. 1, followed by daily flights to New York, London and Paris starting Oct. 12. El Al suspended scheduled passenger flights in March at the outset of the coronavirus outbreak when Israel closed its borders to foreigners and it remains unknown when its borders will reopen.