El Al Expands Fleet with Boeing 787-9 and 787-10 Orders

This article summarizes reporting by The Jerusalem Post.

In mid-April 2026, Israel’s national carrier, El Al, announced a comprehensive expansion and modernization of its long-haul fleet. According to reporting by The Jerusalem Post, the airline is exercising options to acquire six additional Boeing 787-9 Dreamliners while simultaneously converting four previously ordered aircraft to the larger, higher-capacity Boeing 787-10 variant. The agreement, valued at approximately $1.5 billion before standard manufacturer discounts, also secures purchase rights for up to six additional Dreamliners.

This strategic procurement aims to significantly increase seat capacity on high-demand international routes, particularly to North America. By committing to the Boeing 787 family, El Al is accelerating the replacement of its aging widebody aircraft and solidifying its market position amidst a complex geopolitical and economic landscape in the Middle East.

The fleet expansion represents one of the first major strategic initiatives under El Al’s new executive leadership team, including CEO Levy Halevy and CFO Gil Feldman, who both assumed their roles in late 2025. The move leverages the airline‘s strong liquidity to secure future growth despite ongoing global supply chain constraints.

Fleet Modernization and Capacity Growth

The Boeing 787-10 Enters the Fleet

The introduction of the Boeing 787-10 marks a notable shift in El Al’s operational strategy. As reported by The Jerusalem Post, the airline currently operates 17 Dreamliners,comprising four 787-8s and thirteen 787-9s,with two leased aircraft expected to join shortly, bringing the near-term fleet to 19. The newly announced firm orders are scheduled for delivery between 2030 and 2032, while the optional aircraft are slated for the 2033–2035 window. If all options are exercised, El Al’s Dreamliner fleet will grow to 34 aircraft by the middle of the next decade.

The decision to convert four orders to the 787-10 variant directly addresses capacity constraints at Tel Aviv’s Ben Gurion Airport. While El Al’s current 787-9s seat 271 passengers across three classes, the larger 787-10 will accommodate approximately 300 to 310 passengers. Although the 787-10 has a slightly reduced range of 15.5 hours compared to the 787-9’s 16.5 hours, it is optimally designed for dense, high-demand transatlantic operations.

“Expanding the 787 aircraft fleet enables us to increase capacity, improve efficiency and provide a flight experience at the highest level.”

Phasing Out Legacy Aircraft

The influx of new Dreamliners will serve as the backbone of El Al’s long-haul network, enabling the gradual retirement of its older Boeing 777-200 fleet. The legacy 777-200s currently seat 313 passengers but are significantly less fuel-efficient than the composite-built 787s. By standardizing its widebody fleet around the Dreamliner family powered by Rolls-Royce Trent 1000 engines, El Al anticipates simplified pilot training, streamlined maintenance protocols, and reduced spare parts logistics.

Financial Resilience Amidst Regional Volatility

2025 Earnings Context

To contextualize the $1.5 billion investment, it is essential to examine El Al’s recent financial performance. According to industry data and the airline’s February 2026 earnings release, El Al achieved record annual revenues of $3.476 billion in 2025, representing a 1% increase from 2024. The carrier maintained an exceptionally high passenger load factor of 94% throughout the year.

However, net profit declined by approximately 25% to $410 million. This dip was attributed to rising production costs, the strengthening of the Israeli Shekel against the US Dollar, and the financial impacts of regional conflicts, including the war with Iran and “Operation Rising Lion.” Despite these pressures, El Al entered 2026 with robust liquidity, reporting equity of $1.048 billion and a drastic reduction in net financing expenses from $95 million in 2024 to just $4 million in 2025.

“Throughout the year, we continued our efforts to expand seat supply and the aircraft fleet to provide an optimal response to flight demand.”

Strategic Leadership and Industry Challenges

Navigating Supply Chain Bottlenecks

El Al’s order arrives during a period of intense pressure within the global aviation manufacturing sector. Both Boeing and Airbus continue to grapple with production delays and supply chain disruptions. By securing delivery slots in the 2030–2032 window, El Al is proactively insulating itself from short-term manufacturing shortfalls.

“[To] sign such a significant agreement with Boeing… is tremendous news for El Al.”

The airline is also preparing for increased competition. Following wartime suspensions, foreign carriers are gradually returning to Israel, challenging the dominant market share El Al held throughout much of 2024 and 2025.

AirPro News analysis

We view El Al’s decision to upgauge a portion of its order to the Boeing 787-10 as a confident, long-term bet on the resilience of its core North American routes. The strategy of “growth amidst volatility” demonstrates that the airline’s new leadership is willing to leverage the strong liquidity generated during the 2024–2025 period to defend its market share against returning foreign competitors. Furthermore, standardizing the widebody fleet on the Rolls-Royce Trent 1000-powered Dreamliner platform will yield compounding operational efficiencies, which are critical for maintaining profitability as regional geopolitical pressures and currency fluctuations continue to impact the bottom line.

Frequently Asked Questions

When will El Al receive its new Boeing 787 Dreamliners?

The firm orders for the new Boeing 787-9 and 787-10 aircraft are expected to be delivered between 2030 and 2032. The optional aircraft, if exercised, are slated for delivery between 2033 and 2035.

How many Dreamliners will be in El Al’s fleet?

El Al currently operates 17 Dreamliners, with two leased aircraft joining soon for a near-term total of 19. With this new order, the fleet is projected to reach 28 aircraft by the end of the decade, with a potential maximum of 34 if all options are utilized.

Why is El Al purchasing the Boeing 787-10?

The Boeing 787-10 is the largest variant of the Dreamliner family, seating 300 to 310 passengers. El Al is acquiring this model to increase seat capacity on high-demand routes, particularly to North America, and to replace its older, less efficient Boeing 777-200 aircraft.

Sources

• The Jerusalem Post