Operations resumed in January 1983 under receivership. The government purchased two new Boeing 737 aircraft and announced plans to acquire four Boeing 767 jets at the cost of $200 million. Within four years, El Al was profitable again. It broke another record since then surpassed, in May 1988 with a non-stop flight from Los Angeles to Tel Aviv, a journey of 7,000 nautical miles (13,000 km) in 13 hours and 41 minutes.
El Al flights to Cairo were inaugurated in April 1980, following the Israel–Egypt Peace Treaty. In late 1982, after a long period of labor disputes and strikes, El Al operations were suspended. The government appointed Amram Blum to run the company, which lost $123.3 million in the fiscal year ending April 1983. The airline also sold its stake in Arkia at this time.
