Yancale Shahar has been promoted to vice president and chief financial officer of El Al Israel Airlines. Yancale served as director, company treasurer since 2006, where he managed a team of 10 treasury and fuel employees, and was responsible for facilitating strategy planning and raising capital for financing aircraft and other assets, as well as the company hedging policy and long-term debt management. Yancale and his team have led the financing for more than $2bn in aircraft acquisitions over the past few years. Yancale led the now-infamous “Jerusalem JOLCO” transaction in 2019, which won the Airline Economics Supported Finance Deal
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