One way ticket to Gulf emirate to start at $149, company says; firm looking into launching lines to Bahrain as well

National carrier says 90% of its staff laid off, and if government doesn't step in, it will no longer be able to function

CEO Gonen Usishkin says Finance Ministry conditions for $400 million aid package, which hinge on far-reaching cost-cutting reforms, 'will cause us to collapse'

Finance minister reportedly conditions aid package on airline carrying out far reaching cost cutting reforms; if owners reject terms, national carrier likely to be broken up

Ministry official says aid is preferred option, but banks reportedly view loans to airline, which has seen devastating losses compounding existing issues, as too risky

Finance Ministry looking for ways to prevent collapse of airlines due to coronavirus crisis, similar aid to El Al held up due to carrier's shaky preexisting financial situation

'We've never seen anything like this,' says head of workers union as manpower reduced by 70%, half of main terminal shuttered

Arkia to end services immediately; Israir says it'll try to bring all passengers back to the country before halting international operations next week

Finance Ministry said to estimate that requirement could cost economy NIS 4.9 billion a month; unemployment benefits granted to tour guides, laid-off workers in tourism industry

State to compensate Eilat with NIS 400 million development plan; court nixes planned Tuesday strike at Ben Gurion Airport