The Israeli airline El Al is requesting $200 to $300 million in loans from the state to overcome the challenging situation caused by the coronavirus.

“Our situation worsens with each passing day,” El Al CEO Gonen Usishkin wrote in a letter to employees, the business daily Globes reported on Wednesday. “We’re approaching the point at which the state must decide whether it wants a national airline, or whether it believes that aviation security is not an important and substantial element in national security.”

The fact that the letter was published seems to indicate that the company wants it known in order to increase pressure on the government.

Usishkin mentioned El Al’s efforts in returning Israelis from Australia, Peru and other locations as examples of “how critical having a national airline” is to Israel and how without it, “Israel is liable to become an island under siege.”... Read More: MATZAV