REPRESENTATION OF EL AL IN AN AGREEMENT WITH THE MINISTRY OF FINANCE FOR $ 52 MILLION IN GRANTS

We are proud to have represented Israel’s national airline, El Al, in the latest agreement with the Ministry of Finance. As part of the deal, El Al will receive from the state of Israel, a USD 20 million loan as well as an additional USD 12 million advance payment for fuel and regular maintenance generated from the requirement to use the Flight Guard air-defense system. Additional funds agreed upon include USD 3 million from the workers union non-profit, and USD 18 million from the company’s controlling shareholder. Partners Adi Zaltzman and Saul Adereth represented El Al.

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