El Al extends unpaid leave, says can't resume without bailout

El Al Monday extended unpaid leave for 5,800 workers until July 31 and said that without state aid it will not be able to resume operations once the country’s borders, shut over the coronavirus crisis, reopen. Israel’s flag carrier on Sunday extended a suspension of scheduled commercial flights until June 30 but said it would continue to use its aircraft for cargo and occasional passenger flights. While Israel has eased its coronavirus restrictions in the past few weeks, incoming passengers are still required to self isolate and a ban on foreigners entering the country remains in place. Due to weak demand, El Al halted flights in late March and the suspension has been extended repeatedly. In a letter to employees, chief executive Gonen Usishkin said El Al is studying the latest government offer.<br/>
Reuters
https://www.reuters.com/article/us-health-coronavirus-el-al-arlns/el-al-extends-unpaid-leave-says-cant-resume-without-bailout-idUSKBN23F23O
6/8/20