ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

El Al Israel Airlines Gets $40 Million Loan from Boeing to Buy Aircraft

By Sara Toth Stub Special to Dow Jones Newswires Israel's flagship carrier El Al Israel Airlines Ltd. (ELAL.TV) said Thursday it has been granted a $40 million loan from Boeing Co.'s (BA) financing division to help fund the purchase of new airplanes. The loan begins next month, when $30 million will be transferred to El Al, and will be for eight years. The rest of the loan will be transferred to the airline in July, 2014, El Al said. Annual interest will be charged at the London overnight banking rate plus an additional margin, which El Al didn't specify. As collateral, El Al gave Boeing Capital Corp., Boeing's financing division, a lien on Boeing passenger plane bought in 2002. El Al said it would use the loan to help buy either one Boeing 787 Dreamliner or to lease two 787s, in 2015 or 2016. El Al has already purchased four other new planes, which will enter its fleet between 2013 and 2015. El Al said it needs the new planes to reduce the overall age of its fleet and to replace some of its wide body jets with narrower ones. El Al recently narrowed its first-quarter loss on the year to $23 million, down from $42.9 million in the first quarter of 2011, due mainly to streamlining measures. But the airline said that despite these measures and a new business plan, global economic uncertainty and high fuel prices will likely continue to make earning a profit difficult. At 0820 GMT, shares of El Al were up 0.01 shekels, or 2.14%, at ILS0.478 ($0.123), in a higher Tel Aviv market. Write to [email protected]

Stock News for Boeing (BA)
DateTimeHeadline
01/20/201717:12:00Correction to inauguration donors article
01/20/201714:19:00Rockwell Collins Confident on Jet Ramp -- 2nd Update
01/20/201710:18:00Boeing May Face Union Vote at 787 Plant
01/20/201710:04:00Boeing Responds to IAM Filing Second Petition to Unionize Boeing...
01/19/201722:16:00U.S. Air Force Missile-Tracking Satellite Launch Scrubbed From...
01/19/201717:06:49Statement of Changes in Beneficial Ownership (4)
01/19/201710:16:00MARKET SNAPSHOT: Dow Struggles To End 4-session Skid On Upbeat...
01/19/201707:17:00Safran to Buy Zodiac Aerospace for $9 Billion -- 4th Update
01/19/201705:01:00Safran Agrees to Buy Zodiac Aerospace for $9 Billion -- 3rd Update
01/18/201723:04:00NASA Looks to Reserve More Seats on Russian Spacecraft for U.S...
01/17/201712:57:00Trump, Boeing CEO Discuss Air Force One Requirements
01/13/201704:13:00India Budget Carrier SpiceJet to Buy Up to 205 Boeing Jets
01/13/201701:53:00Boeing, SpiceJet Announce Deal for up to 205 Airplanes
01/11/201710:20:00Iran Air CEO Hopeful Plane Deals Won't be Derailed by Trump Administration
01/10/201720:26:00In Donald Trump's Washington, Business Lobbyists Champ at the...
01/10/201713:57:00Boeing, Jeju Air Finalize Order for Three Next-Generation 737-800s
01/10/201706:00:00Trump Win Puts Range of Business Interests Back in Play
01/09/201700:29:00Politico Veteran's News Venture Axios Aims to Fix Advertising
01/07/201703:03:00Boeing's Orders Skidded Last Year -- WSJ
01/06/201717:09:00Boeing's 2016 Orders Show Slowing Sales Boom - Update

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US