El Al is exercising options to purchase six additional 787-9 aircraft from Boeing, alongside expanding the agreement so that an option will be granted to purchase up to six more aircraft. In addition, some of the aircraft in the order will be upgraded to the 787-10 model, the most advanced and efficient in the Dreamliner family.
The move is expected to increase seat supply, significantly improve flight availability and support the expansion of the destination network, especially on long-haul routes, while improving operational efficiency.
The new fleet will significantly upgrade the customer product, with an emphasis on an advanced premium experience in all classes, improved comfort and alignment with the highest standards of the international aviation market.
El Al’s Dreamliner fleet is expected to grow from 17 aircraft today to 28 aircraft by the end of the decade, with potential expansion to up to 34 aircraft in the future, which will strengthen the company’s position as a significant player in the international market.
Levy Halevy, CEO of El Al: "We are making a focused investment in an advanced fleet that generates double value, both for our customers and for our shareholders. Expanding the 787 aircraft fleet enables us to increase capacity, improve efficiency and provide a flight experience at the highest level. This is a central move in our strategy to build a modern, profitable and market-leading airline".
Amikam Ben Zvi, Chairman of the Board of Directors of El Al: "Especially at this time, to sign such a significant agreement with Boeing, which enables the acquisition of six additional 787 Dreamliner aircraft and an option for further acquisition, is tremendous news for El Al. We are building a strong company with a long-term strategy and vision, which will present a broad and innovative fleet, led by the most advanced Dreamliner aircraft in the world. The company’s business strength is better than ever, and thanks to the efforts of El Al employees it will continue to strengthen in the coming years".