El Al Airlines is transferring its US headquarters from New York to Miami, a move that will save it $500,000 annually, Globes reported on Tuesday
El Al announced the decision in its first-quarter financial statement, saying that the move would have minimal effect on the airline’s operations.
The headquarters will be located in a Miami building, with an annual rent of $90,000.
The move, which is being implemented as part of the streamlining demanded by the Israeli government as a condition for financial aid for the beleaguered airline following the COVID crisis, has been approved by El Al’s board of directors and its auditing committee.
(YWN Israel Desk – Jerusalem)
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3 Responses
What airline did they use to fly their stuff down?
hwo does it save money again?
Why would any business want to do business in New York? People generally gravitate to where they are wanted, and businesses are not welcome in New York.