Air Transport World

El Al. (Africa/Middle East Report).(faces possible closure)(Brief Article)

El Al faces possible closure if privatization plans for the state-owned company falter before being set in motion, Israel Transport Minister Avigdor Lieberman warned in April. "The government cannot continue supporting El Al, and I expect cooperation from the workers' committee to thrash out remaining issues... El Al has only two options: Privatization, or receivership. There is no third option," Lieberman said. He told Tel Aviv daily Ha'aretz that privatizarion should rake place regardless of the dismal state of global civil aviation and the Israeli economy and predictions that proceeds would be minimal. …

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