EL AL Airlines announces CEO appointment and CFO transition

EL AL Israel Airlines’ board of directors has announced leadership changes at the company.

Following a search process, the board has appointed Levy Halevy as chief executive officer. 

Halevy previously served as CEO of Israel Credit Cards Ltd. for seven years and has held senior roles in the financial and technology sectors, including head of the technology division at the Discount Group, deputy CEO of Menora Mivtachim, head of development at Bank Hapoalim and CEO positions at Malam Group and Consist Systems. 

His official start date will be announced later.

At the same time, Yaakov (Yancale) Shachar, EL AL’s chief financial officer, will retire at the end of November 2025. 

Shachar joined the airline in 2006 and has overseen aircraft financing, risk management, investor relations and other key financial operations.

Shachar will be succeeded by Gil Feldman, currently deputy CFO and head of the economics, budget and business development division. 

Feldman, who joined EL AL in 2020, will take on the CFO role on Dec. 1, 2025. 

In recent years he has led the company’s budgeting and business planning, supported strategic decision-making and helped guide EL AL’s COVID-19 recovery plan. 

Feldman also chairs the board of Borenstein and serves as a director at EL AL subsidiaries Tamam and Sundor.

“We welcome the appointment of Levy Halevy as CEO of EL AL,” said Amikam Ben Zvi, chairman of the EL AL board of directors. 

“Levy brings with him extensive management experience and deep expertise in the financial and technological sectors. I have no doubt that, together with the people of EL AL, our most valuable asset, he will lead the company to new heights. On behalf of the board and all EL AL employees, I would also like to thank Dina Ben Tal Ganancia for her tenure as CEO and her significant contributions in recent years. Additionally, I wish to express my deepest gratitude to Yancale Shachar for his many years of dedicated service. His leadership and professionalism strengthened EL AL’s financial resilience and positioned the company on firm ground for the future. We are equally confident in Gil Feldman’s ability to continue this legacy, bringing exceptional dedication and professionalism to his new role.”

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