I think that some are missing the key point here: 744s can be acquired on the second hand market at rather attractive prices and
LY is probably making a very smart business and financial move by expanding its 744 fleet at this time. With A380 deliveries commencing, and with many airlines expanding their 773ER fleets, a number of 744s will become available on the market.....this increased supply will moderate 744 prices, thus, its a good time to be looking at 744s. Due to the A380 program delays, carriers have been holding on to their 747s longer than expected making the second hand market for the 747 rather tight....now that the A380 program is finally back on track, some airlines (such as
SQ) can begin the gradual phase out of their 744 fleets.
LY is making a strategic decision: they are already a 744 operator, the 744 works well on
LY's longhaul high demand routes, and while the 744 is not ""cutting-edge"", its a very good airplane economically (especially if it can be acquired at favorable prices.)
LY is also buying time, an additional 744 will allow EL AL to expand quickly......when finances permit, I think that
LY will go with the 748I which would be an excellent choice for EL AL's
TLV-North America routes (especially the
JFK services.) And, as pointed out by others, eventually, this 744 (along with the rest of
LY's 744 fleet) will be converted to freighters replacing the the aging 742F airplanes. It sounds like a good plan to me.
As for the IFE equipment and seating on the to-be-delivered 744 and
LY's existing 744 fleet.....I assume that when finances permit,
LY will update those systems, I can only assume that its not a huge priority for
LY at this time.