The Government of Israel intends to provide further financial assistance to the carriers El Al, Arkia and Israir. These are loans with a bullet term of two years.
According to a report by the local business newspaper Calcalist, the loans have to be repaid at the end of the term. In certain circumstances, such as when shareholders can inject less equity, the term may be extended. However, this would have to be checked on a case-by-case basis.
The exact amount of the sums and the relationship between state-injected and owner-injected amounts have not yet been determined. Still, it is estimated that El Al will receive $ 150-200 million and Arkia and Israir will each receive $ 20 million.