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
01/30/201513:07:38ANA Orders $1.4 Billion in Aircraft From Boeing
01/29/201519:24:58Air Force to Open Additional Satellite Launches to Competition...
01/29/201508:10:10Malaysia Declares Flight 370 Disappearance an Accident
01/29/201507:25:11Malaysia Declares Malaysia Airlines Flight 370 Disappearance...
01/28/201518:47:20Correction to Boeing Earnings Story
01/28/201517:25:41Boeing Posts Stronger-Than-Expected Results -- 3rd Update
01/28/201516:51:43MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement
01/28/201515:28:17MARKET SNAPSHOT: U.S. Stocks Stumble After Fed Statement
01/28/201514:53:33MARKET SNAPSHOT: U.S. Stocks Fall After Fed Statement
01/28/201513:41:51MARKET SNAPSHOT: U.S. Stocks Lose Steam In Choppy Trade
01/28/201513:40:40MARKET SNAPSHOT: U.S. Stocks Turn Lower Ahead Of Fed Meeting
01/28/201513:35:58MARKET SNAPSHOT: U.S. Stocks Rally As Apple Fuels Nasdaq's Outperformance
01/28/201513:31:37MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain As Apple Jumps...
01/28/201513:24:43Boeing Posts Stronger-Than-Expected Results -- 2nd Update
01/28/201513:22:07Boeing Posts Stronger-Than-Expected Results -- Update
01/28/201513:20:36Boeing Posts Stronger-Than-Expected Results
01/28/201513:09:41MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain, But Others...
01/28/201509:43:09MARKET SNAPSHOT: U.S. Stocks: Techs Poised To Surge After Apple...
01/27/201513:27:32Shots Fired at FlyDubai Flight Landing in Baghdad -- 3rd Update
01/26/201506:09:11MARKET SNAPSHOT: Apple Earnings, Fed Vie For Investor Attention...

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