Israel Ambassador to the US Daniel Ayalon: After El Al is privatized, the government will continue to urge it to buy planes from Boeing, and not Airbus.
Israel Ambassador to the US Daniel Ayalon said negotiations between Israel and the US for granting El Al (TASE:ELAL) a license for its passenger planes to the US to carry anti-missile systems would soon be concluded. El Al will be first airline in the world whose planes carry such systems.
Ayalon said even after El Al is privatized, the government would continue to urge it to buy only Boeing (NYSE:BA) planes, and not those built by Airbus. "If Israel wants to increase its exports to the US, at the same time, it must increase its purchases in the US market," he said.
Ayalon added that Boeing contributed to Israel's economy through its reciprocal procurement agreements.
Published by Globes [online] - www.globes.co.il - on May 10, 2004