If there are not enough investors for a capital increase, the state will take over 61 percent of the shares. Nevertheless, around 6.000 employees have lost their jobs.

In Israel, a possible re-entry of the state with the airline El Al is looming. In 2004 the public sector separated from the majority under the leadership of the Prime Minister, who is still in office today. This could change in connection with relief measures due to the Corona crisis.

The State of Israel does not currently hold any shares in the publicly traded El Al. Management and Prime Minister Benjamin Netanyahu have now negotiated a package that will save the carrier from bankruptcy. 250 percent of the loan of 75 million euros is to be guaranteed by the public sector. As part of a capital increase, another 150 million euros are to flow into El Al's tight coffers.

But the measures also come at a price, because the carrier has to cut around 6.000 employees and temporarily cut the salaries of the management and, among other things, those of the captains. Dividends may temporarily no longer be paid to shareholders and even free flights for employees are taboo for at least five years. Furthermore, the state of Israel has secured access to up to 61 percent of the shares through the capital increase. If there are not enough investors on the free capital market, the public sector will step in. However, this stake would be resold after five years at the latest.