El Al signs huge Boeing Dreamliner deal

Dreamliner
Dreamliner

El Al has signed an MoU to purchase or lease 15 new Boeing airliners, with an option for 13 more.

El Al Israel Airlines Ltd. (TASE: ELAL) today reported to the Tel Aviv Stock Exchange (TASE) a huge deal for the purchase and lease of 15 new 787-8 and 787-9 model Dreamliner airliners.

El Al signed a memorandum of understanding (MoU) with the manufacturer of the planes, US company Boeing. El Al said, "The final composition of the deal between purchases from Boeing and leasing from airliner leasing companies will be settled when the purchase and leasing agreements for the planes are signed."

The memorandum of understanding also grants El Al an option to purchase 13 Boeing 787-10 planes and rights for conversion to other Boeing 787 models.

The memorandum of understanding states that the purchase agreement with Boeing will be signed by October 30, or a different date agreed upon by the parties.

Published by Globes [online], Israel business news - www.globes-online.com - on September 10, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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