EL AL Israel Airlines LTD was established in 1948, since then the company’s main operation involves air transport of passengers and cargo (including luggage and mail). EL AL serves some 5.5 million passengers each year and has about 44 aircraft flying to 36 nonstop destinations around the world as well as hundreds of connections through codeshare agreements with other airlines. In June 2003, EL AL went public and issued stocks on the Tel Aviv Stock Exchange as part of its privatization process and in January 2005 control of the company moved into private hands. Today, Knafaim Holdings Ltd. holds approximately 35% of the shares issued by the company. In 2015, EL AL signed an agreement with Boeing and various lessors to purchase & lease 16 wide body 787 Dreamliner aircraft, the largest acquisition plan in company history.