El Al To Move US Headquarters From New York To Miami

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El Al Airlines Boeing 777 at Los Angeles International Airport. Photo: Tomás Del Coro / Wikimedia Commons

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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)


3 COMMENTS

  1. 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.