Aviation Industry

The engine component manufacturer that worked with NASA, Airbus, and Boeing has fallen into crisis following the cancellation of major contracts. The company is seeking creditor protection in hopes of continuing operations.

El Al's "Matmid" frequent flyer program has appealed to the Second Authority for Television and Radio to pull a new Max commercial for the SkyMax card. The company claims the ad misleads consumers regarding point redemption terms.

Easat Ashkelon has expanded its cooperation with a major American aviation giant in a deal worth approximately $58 million over two decades. Behind the figure lies a critical condition, and behind the company sits one of the most successful investment funds in Israel.