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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