TEL AVIV — EL AL Israel Airlines announced Thursday a massive $1.5 billion strategic deal with Boeing to expand its fleet, taking a major step in its long-term plan to increase capacity and dominate the Israeli market.

Under the agreement, EL AL is exercising options to purchase six additional Boeing 787-9 Dreamliners. In a significant upgrade, the airline is also converting options for four planes into the 787-10 model—the largest and most efficient aircraft in the Dreamliner family. These new aircraft are scheduled for delivery between 2030 and 2032.

Furthermore, the airline has secured options for an additional six aircraft for delivery between 2033 and 2035. This will bring EL AL’s Dreamliner fleet from 17 today to a potential 34 aircraft, significantly boosting its presence on lucrative long-haul routes to the United States and Asia.

Kenny Rozenberg, Controlling Shareholder: “This is another chapter in EL AL’s history that will take it to new heights. We are placing EL AL on par with the world’s leading airlines, representing Israel with pride.”

Dina Ben-Tal Ganancia, CEO of EL AL: “We are making a focused investment in an advanced fleet that creates double value—for both our customers and our shareholders. Expanding the 787 fleet allows us to increase capacity, improve efficiency, and provide a flight experience of the highest standard. This is a central move in our strategy to build a modern, profitable, and market-leading airline.”

Amikam Ben-Zvi, Chairman of the Board: “Especially at this time, signing such a significant agreement with Boeing is tremendous news. We are building a strong company with a long-term vision. The company’s business resilience is better than ever, and it will continue to strengthen in the coming years.”

The airline said that the new fleet will feature an upgraded premium experience across all cabins, ensuring EL AL meets the highest international standards for comfort and technology as it seals its position as a major player in the global aviation market.