Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting channels to discuss issues affecting commercial aviation.
El Al Israel Airlines has stopped all flying until July 31 while the outcome of drawn-out discussions with the Ministry of Finance regarding a $400 million state-guaranteed loan remains unclear.
Scandinavian Airlines (SAS) has secured a SEK14.25 billion ($1.5 billion) recapitalization led by the Danish and Swedish governments along with third-largest shareholder the Knut and Alice Wallenberg Foundation.
