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Aid program announced for the airlines, Israeli Finance Ministry said

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TEL AVIV, 18 March, 2021 (TON): Considering extensive damage to the aviation industry due to pandemic, the Finance Ministry of Israel has announced an economic support program for the country’s airlines.

On Wednesday, the Ministry said in a statement, "The plan will allow an immediate flow to facilitate the airline's operations during this period."

As part of the plan, the state will purchase in advance, for 20 years, flight tickets for the governmental flight security guards.

However, as the Ministry agreed with Israel's leading airline El Al on the purchase of flight tickets in the amount of $210 million, under the condition that the company will raise $105 million through a public offering, the plan would be offered to other airlines as well.

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