El Al Israel Airlines (LY, Tel Aviv Ben Gurion) is again being courted by investors; this time by a consortium which includes former Bezeq Israeli Telecommunication Co. Ltd. CEO, Avi Gabbay, as a middleman. According to Globes, Mr Gabbay has been in talks with the airline for some time, and has also approached billionaire Haim Saban and his Saban Capital Group with a view to taking a controlling stake in the airline. No further details on the purported talks have yet been divulged. Loss-making El Al has stumbled from one investment proposal to the next. The last, made by First Israel Mezzanine Investors Fund (FIMI) earlier this year, involved USD75million in return for a 49% stake in the carrier, and was scuttled when El Al unions remained intransigent on issues regarding pay cuts, layoffs and benefits.