Israeli Airline Stocks Soar After Flydubai Plane Incident
Shares of Israeli airlines Israir and El Al experienced significant gains on the stock exchange following an incident involving a Flydubai flight to Tel Aviv. The flight was diverted to Saudi Arabia after an attempted hijacking by one of the pilots, who reportedly stabbed his co-pilot over Jordan. The crew and Israeli passengers managed to subdue the assailant, leading to the emergency landing.
Investors appear to believe that the incident, which involved Israeli passengers and crew intervention, may pave the way for Israeli airlines to fully resume their flights to the United Arab Emirates. El Al's stock surged by 7.93%, reaching a value of 1,850 shekels, while Israir saw an 8.8% increase, with its stock price now at 157 shekels.
The Flydubai flight was en route to Tel Aviv when the co-pilot allegedly attacked the captain. Following the confrontation, the aircraft landed in Saudi Arabia, where passengers and crew were subsequently able to continue their journey to Israel. Footage emerged showing the moments of panic during the flight's descent.
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