Israeli Airline Stocks Soar After Flydubai Hijacking Attempt
Translated & summarized from i24NEWS French by baba
Shares of Israeli airlines El Al and Israir saw significant gains after an attempted hijacking of a Flydubai flight to Tel Aviv, which landed in Saudi Arabia. The incident may lead to increased security and potentially benefit Israeli carriers' access to UAE routes.
The story in 5 lines · by baba
- Israeli airline stocks El Al and Israir surged following a hijacking attempt on a Flydubai flight.
- The Flydubai flight landed in Saudi Arabia after a pilot allegedly attacked his co-pilot.
- Investors believe the incident could boost Israeli airlines' access to UAE routes.
- Security measures for airlines flying to Israel have been strengthened.
- The event might alter air traffic distribution between Israel and the UAE.
Shares of Israeli airlines El Al and Israir surged on Wednesday following an attempted hijacking of a Flydubai flight bound for Tel Aviv. The Flydubai plane was forced to make an emergency landing in Saudi Arabia after a pilot allegedly stabbed his co-pilot in the cockpit, leading to a confrontation onboard.
El Al's stock climbed 7.93%, while Israir's rose 8.8%. Investors reportedly anticipate that the incident could benefit Israeli carriers by potentially allowing them to fully resume flights to the United Arab Emirates. The attempted hijacking occurred as the aircraft was flying over Jordan.
Israeli crew members and passengers managed to subdue the pilot, enabling the plane to land safely in Saudi Arabia. The incident has prompted Israeli authorities to order enhanced security measures for both Israeli and foreign airlines operating flights to and from Israel. The event could also impact the distribution of air traffic between Israel and the UAE.
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