With activity halted, the world's airlines need space to park about 7,500 planes.
The financing round at a company valuation of $2.25 billion was led by Fiat owner Exor NV, which is investing $200 million.
With no trains running because of the coronavirus lockdown, electrification work will soon be completed up to Tel Aviv Savidor Central Station.
Yisrael Katz has his own agenda, and little patience for dissenting voices.
Eric Wang: Of all the cities we operate in, Tel Aviv leads in the speed and scale of adoption. Infrastructure needs to catch up.
The CityPass consortium made a NIS 1 billion profit as the Israeli government, inexperienced in such projects, bought back the Red Line for NIS 1.6 billion.
The first pedestrian bridge over the Ayalon is also the only one of 10 bridges that has a bicycle lane.