Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Israel
  4. TEL AVIV STOCK EXCHANGE
  5. El Al Israel Airlines Ltd.
  6. News
  7. Summary
    ELAL   IL0010878242

EL AL ISRAEL AIRLINES LTD.

(ELAL)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

El Al Israel Airlines : Israeli airlines launch first direct flights to Morocco

07/25/2021 | 04:52am EDT

JERUSALEM (AP) — Two Israeli airlines launched their first commercial flights between Israel and Morocco on Sunday, less than a year after the countries officially normalized relations.

Israir's flight departed Tel Aviv for Marrakech with around 100 Israeli tourists, the company said, hours before Israeli national carrier El Al dispatched its first direct flight to the same destination.

Israeli Tourism Minister Yoel Razvozov said the new direct flights would “help advance fruitful tourism, trade and economic cooperation and diplomatic agreements between the two countries.”

Israel and Morocco agreed to normalize relations in late 2020 as part of the U.S.-brokered “Abraham Accords.” Morocco was among four Arab nations, including the United Arab Emirates, Bahrain and Sudan, to establish diplomatic relations with Israel.

As part of the deal, the United States agreed to recognize Morocco’s claim to the long-disputed Western Sahara region, however the Biden administration said it will review this decision. Morocco’s 1975 annexation of Western Sahara is not recognized by the United Nations.

Many Israeli Jews have lineage that traces back to Morocco, which is still home to a small Jewish community of several thousand.

El Al said in a statement before the departure of its first flight that the company plans to operate five flights per week between Israel and Morocco.

“We hope that now many can know Morocco better, to experience and be excited by this special country that is deeply rooted in Israeli heritage, culture and experience,” said El Al CEO Avigal Sorek.

After the first flight arrived in Marrakech, the director of the Moroccan national tourism office, Adil Fakir, called it “a crowning moment of the important decision taken by Morocco to resume relations between the two countries.”

The head of the Israeli liaison office in Rabat, David Govrin, said it would "strengthen the existing ties between our two people.” The head of the Jewish community in the Marrakech-Safi region, Jacky Kadoch, also welcomed the development.

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about EL AL ISRAEL AIRLINES LTD.
08/20EL AL ISRAEL AIRLINES : Budapest Airport adds El Al to returning airlines rollcall
AQ
08/03XPRESSPA : Partners With EL AL Israel Airlines For COVID-19 Testing
MT
07/25EL AL ISRAEL AIRLINES : Israeli airlines launch first direct flights to Morocco
AQ
07/25EL AL ISRAEL AIRLINES LTD. : REVERSE SPLIT: 1 of 8
FA
07/07EL AL ISRAEL AIRLINES : Etihad Airways and El Al launch their strategic cooperation
AQ
07/02EL AL ISRAEL AIRLINES : Etihad Airways and EL AL launch strategic cooperation; Codeshare a..
AQ
05/23EL AL ISRAEL AIRLINES : Chairman of Israeli airline El Al steps down after bailout
RE
05/23EL AL ISRAEL AIRLINES : Israel reopens borders to small groups of foreign tourists
RE
05/21Foreign airlines begin to resume Tel Aviv flights after Gaza truce
RE
05/20Israeli carrier El Al to slash jobs as deepens cost cuts
RE
More news
Financials (USD)
Sales 2020 623 M - -
Net income 2020 -531 M - -
Net Debt 2020 2 188 M - -
P/E ratio 2020 -0,89x
Yield 2020 -
Capitalization 192 M 192 M -
EV / Sales 2019 0,98x
EV / Sales 2020 3,92x
Nbr of Employees 2 129
Free-Float 37,1%
Chart EL AL ISRAEL AIRLINES LTD.
Duration : Period :
El Al Israel Airlines Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EL AL ISRAEL AIRLINES LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Managers and Directors
Avigal Soreq Chief Executive Officer
Dganit Palti Chief Financial Officer
Shahar Markovitch Vice President-Digital & Computing
Yehudit Grisaro Vice President-Human Resources & Administration
Ruth Portnoy Independent Director
Sector and Competitors