TallDutch
2008-07-17, 05:08 PM
The airline will report a pretax capital gain of $9 million on the $13 million sale.
El Al Israel Airlines Ltd. (TASE: ELAL) today sold two Boeing 767-200s, for $6.5 million each. Both planes were built in 1983. One plane was sold to a Philippine airline and the other to a Singapore investment company. El Al will deliver the planes in September.
El Al said that it would report a pretax capital gain of $9 million on the sale.
The airline said that the sale were part of its El Al 2010 strategic plan, which includes replacement and upgrade of its fleet.
http://www.globes.co.il/serveen/globes/ ... 52&fid=942 (http://www.globes.co.il/serveen/globes/DocView.asp?did=1000362952&fid=942)
El Al Israel Airlines Ltd. (TASE: ELAL) today sold two Boeing 767-200s, for $6.5 million each. Both planes were built in 1983. One plane was sold to a Philippine airline and the other to a Singapore investment company. El Al will deliver the planes in September.
El Al said that it would report a pretax capital gain of $9 million on the sale.
The airline said that the sale were part of its El Al 2010 strategic plan, which includes replacement and upgrade of its fleet.
http://www.globes.co.il/serveen/globes/ ... 52&fid=942 (http://www.globes.co.il/serveen/globes/DocView.asp?did=1000362952&fid=942)