International Business

Israel to Sell Stake in El Al: The government plans to sell 51% of the national airline on the Tel Aviv and New York stock exchanges by late March, 1996, the company’s president, Rafi Harlev, said. As much as 18% of El Al Israel Airlines stock will be sold on the Tel Aviv exchange by May 31, Harlev said. The remainder will be issued in New York by late March, 1996. “We are now in the speedy process of preparing the prospectus and finding underwriters,” he said.