Program will provide state guarantees of 40% to protect the return on investments in mature Israeli tech firms

Struggling national carrier has already warned of collapse if bailout negotiations with the government fail

Israeli airline's union representatives said suspended from labor federation after chaotic meeting

Keren Terner Eyal will be the second woman to run the treasury

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'

Education Ministry scheme attempting to avoid overcrowding by limited class sizes and hours panned as 'detached from reality'; bus and train service also slated to expand

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

Finance Ministry figures shows that average salary of those who lost their jobs due to pandemic was a third lower than the general average

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