Any such outcome is always better than headlines. What is disconcerting however is not the incident although that is serious enough, but the last paragraph in the story. It should not take such drastic action on the part of a foreign regulatory body to force the change:
At the end of last year, the American Federal Aviation Administration downgraded Israel's aviation safety rating to Category 2, which is commonly assigned to developing countries. In response to the lower rating, the Civil Aviation Authority created a new administrative body to deal with the deficiencies cited by the FAA. The department is headed by a former vice president of El Al, Benny Livneh.
Are El Al's 767's not equipped with EGPWS? The story does not explain why the crew "recognized the danger and regained altitude." If not, why not, if so,
Don Bateman saved another airplane load of passengers. I know another major carrier that brags about it's safety culture but still only completed a fleetwide installation of EGPWS within the last two years.