El Al to be nationalized until a new investor can be found

El Al Israel Airlines is being rescued by the Israeli government. The flag carrier will be nationalized.

The state will guarantee a $250 million load and will purchase stocks worth $150 million according to the The Jerusalem Post.

El Al is now in the process of seeking agreements with its major unions.

Read the full article.

El Al aircraft photo gallery:

El Al aircraft slide show:

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