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EL AL ISRAELI Airlines

EL AL ISRAELI Airlines

Description

EL AL: Established in 1948 as the national Israel Airlines, we have grown into a prestigious international carrier.

Covering every aspect of service, assuring that our passengers' requirements are met on time, every time, El Al was ranked by IATA as one of the world's three most efficient air carriers.

Expanded global coverage, supported by an international network of 77 sales offices. Incomparable Israeli hospitality. The friendliness and personalized touch that make time fly and make El Al more than just a convenient mode of travel.

A unique combination of amenities and advantages earning international appeal, and making El Al a preferred global gateway to every corner of the world.

1948 September El Al's inaugural flight brings the country's first president, Chaim Weizman, home from Geneva.

1950 – 1956
EL AL carries 160,000 immigrants to Israel from Yemen, Iran, and India as part of Operation Magic Carpet and Operation Ezra and Nehemiah.

1961 June First non-stop New York/Tel Aviv flight on a Boeing 707 sets the world record for longest non-stop commercial flight covering 5,760 statute miles in 9 hours, 33 minutes.

April 1980
First EL AL flight to Cairo

1984 March El Al records the first international Boeing 767 flight - Montreal/Tel Aviv.

1988 May
El Al operates its longest non-stop flight in history: Los Angeles/Tel Aviv: 7,000 statute miles in 13 hours, 41 minutes.

January 1990
Historic flight to Moscow

1991 May 24
An El Al Boeing 747 airlifts a record-breaking 1,087 passengers - Ethiopian Jews flying from Addis Ababa to Israel as part of Operation Solomon.

June 1996
First flight to Amman

March 2000
Maiden flight of EL AL Boeing 777

June 2003
Going public – As part of the airline's privatization process, the airline and the State of Israel published a prospectus on May 30, 2003 offering the company's stocks and stock options for sale. In early June 2003 the company went public and its stocks were registered for trading on the Tel Aviv Exchange.

June 2004
The airline ceases to be a government company – After the purchase of stocks and exercise of options by the public, the State's holdings in the company declined to less than 50% and the airline ceased to be a government company, became a mixed company (as defined in the Law of Government Companies).

January 2005
Airline control is transferred to private ownership – Following the exercise of additional options, on December 23, 2004 the holdings of Knafaim-Arkia Holdings Ltd. rose to 40% of the shares issued by the airline, and on January 6, 2005, following a decision taken at a meeting of stockholders convened at Knafaim's request, most of the members of the Board of Directors were replaced. As a result, control of the airline was transferred to Knafaim.

March 2005
New CEO – Following the resignation in January 2005 of EL AL President Amos Shapira on March 10, 2005, Haim Romano assumed the post of EL AL President. Two months later, changes were made in the organizational structure of the airline.

September 2005
EL AL 2010 Strategic Plan is launched – On September 20, 2005, the EL AL Board of Directors approved the airline's strategic plan for the next five years and the principles of its implementation. The main objectives of the plan include a significant improvement in the commercial results of the company by 2010. The plan includes a list of improvements in the passengers' flight experience, fostering operational excellence, innovation and commercial initiative, fleet renewal and improvements in Cargo and Maintenance as well as nurturing human resources. For details, see the airline's periodical report for 2005.

Source: company