Israeli airline stocks surge nearly 9% following flydubai hijacking incident
Israir also reported severe loss of value in its stock over the last month, falling from NIS 1.60 on September 9 to NIS 1.44 reported on Tuesday, just before the recent jump registered on Wednesday.
Israir and El Al stocks in Israel soared nearly 9% on Wednesday, following a hijacking incident on a flydubai flight. The flight, en route from Dubai to Tel Aviv, was diverted to Saudi Arabia after a pilot attempted to hijack the plane, leading to a mid-air altercation. Israeli officials described the situation as a "major disaster" narrowly avoided.
Both flight crew members and Israeli security personnel quickly subdued the pilot, bringing him under control. Flydubai, a state-owned airline, did not experience a decline in its valuation as it is not publicly traded. The incident prompted a formal investigation. Israeli security forces, including the IDF, Mossad, and Shin Bet, are now assessing the situation and believe the incident was intended as an act of terror.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
