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 equitiesdesklondon@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
04/24/201410:29:39Raytheon Executive Sees New Threats Boosting Some Defense Budgets...
04/24/201408:05:13Virgin Atlantic Sees Return to Profit Aided by Delta Air Ties...
04/23/201418:05:05Asian Morning Briefing: U.S. Stocks Drop
04/23/201417:02:14MARKET SNAPSHOT: U.S. Stocks Tumble; S&P 500 Ends 6-day Run
04/23/201415:47:47MARKET SNAPSHOT: U.S. Stocks Drift Lower
04/23/201415:15:34Boeing's Profit Slides on Pension Costs -- 3rd Update
04/23/201412:32:08Brazil's Azul to Add 11 Jets From Airbus
04/23/201410:40:12MARKET SNAPSHOT: U.S. Stocks Fall; PMI, Home Sales Disappoint
04/23/201410:35:11Boeing's Profit Slides on Pension Costs -- 2nd Update
04/23/201410:15:39MARKET SNAPSHOT: U.S. Stocks Fall; PMI Slips In April
04/23/201409:34:30U.S. Hot Stocks: Hot Stocks to Watch
04/23/201408:25:47Boeing's Profit Slides on Pension Costs -- Update
04/21/201417:31:21MARKET SNAPSHOT: Stocks Rise; S&P 500 In Longest Win Streak In...
04/21/201417:23:30California Stowaway Survives Flight to Hawaii in Plane's Wheel...
04/21/201417:23:19Ford Operating Chief Mark Fields to Become CEO -- Update
04/21/201417:20:09MARKET SNAPSHOT: U.S. Stocks Edge Up; Halliburton Rallies
04/21/201417:08:40MARKET SNAPSHOT: U.S. Stocks Pare Gains; Halliburton Rallies
04/21/201415:53:35MARKET SNAPSHOT: U.S. Stocks Rise As Results From Halliburton...
04/21/201406:06:07Air India To Clear 777-200 Fleet; Add More Dreamliners
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad