El Al keeps final 787 delivery on hold

El Al has deferred delivery of its final Boeing 787 at least until the end of this year, as it holds discussions on financing the twinjet. Delivery of the 787-8 aircraft, which would take the Israeli airline’s 787 fleet to 16, had been scheduled for March 2020 – the point at which the pandemic began severely affecting air transport – but has been pushed back several times. El Al has 12 787-9s of which eight are leased and four owned, plus three owned 787-8s. The undelivered -8 would also be owned by the airline. It says that receipt of the final aircraft has been “postponed”, under an agreement with Boeing, until December 2021. El Al says it is negotiating with a financial institution over a $31m advance payment for the jet, and says it “continues to explore” long-term financing alternatives.<br/>
FlightGlobal
https://www.flightglobal.com/airlines/el-al-keeps-final-787-delivery-on-hold/145172.article
8/23/21