The airline will also take a NIS 130 million loan to help it survive the Covid-19 pandemic.
The airline says there is no point in a meeting until the true identity of the bidder for it is clarified.
Keren Terner wrote to the El Al board after meeting with Eli Rozenberg's representative Amikam Ben Zvi.
The Israeli hotel chain has increased liquidity by selling and leasing back the Leonardo Royal Berlin Hotel for NIS 230 million.
Prof. Itamar Grotto says incoming passengers to Israel from low infection countries need not undergo isolation. But the plan faces many obstacles.
Eli Rozenberg's attorney says his client is prepared to answer all questions and dispel all doubts.
Eli Rozenberg: Instead of saving the company, El Al continues on its track of extorting money out of the government.
The Israel Airports Authority wants to set up a testing laboratory at Ben Gurion airport but the Health Ministry opposes the plan.
Prime Minister Benjamin Netanyahu hopes to open up Israel to Greece and Cyprus on August 1, but don't start packing yet.
Israel Population and Immigration Authority director general Prof. Shlomo Mor-Yosef is circumspect about when the country's skies are likely to reopen.