Photo Credit: Tsahi Ben-Ami / Flash 90
El Al airlines, the national airline of Israel

El Al Airlines has signed an agreement to sell a foreign company 12 engines manufactured by Pratt & Whitney, according to the Globes business news site.

The deal is worth an estimated $30 million pre-tax capital gain on the date the proceeds are received and ownership is transferred to the buyer, if all goes well.

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The airline recently replaced its Boeing 747-600 and 767-300 model airliners, and is continuing to sell off their parts.

Just over a month ago, El Al sold a Boeing 767-300ER with two Pratt & Whitney engines, also to a foreign company; the sale is estimated to bring in a $4.4 million capital gain.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.
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