All Israir articles

  • El Al 787-c-El Al
    News

    Israeli finance ministry outlines loan offer to support struggling airlines

    2021-08-25T07:46:00Z

    Israeli flag-carrier El Al is among airlines being offered an additional line of financial support by the country’s government, following a series of discussions with the finance ministry. The ministry states that it is taking the steps given the “prolongation” of the pandemic crisis and its “consequences for Israeli airlines”. ...

  • Ben Gurion protest-c-Histadrut
    News

    Israeli carriers face labour dispute over perceived job threat to workforce

    2021-08-24T12:11:00Z

    Israeli flag-carrier El Al has prolonged, at least until the end of September, the furlough programme for personnel, as the country’s trade union centre formally declares a dispute with the aviation industry over concerns of mass lay-offs. El Al says it has 1,165 employees affected, adding that workers will be ...

  • Israir Airbus-c-Israir
    News

    Control of leisure carrier Israir finally handed to new owner BGI

    2021-01-25T08:20:00Z

    Israeli leisure carrier Israir’s trustee has disclosed that the sale of the airline to new owners BGI Investments has been completed, after a long competitive bidding process. The trustee has informed a Tel Aviv court that, following approval of the BGI bid on 1 January, the sale was completed ...

  • EAT simulator bay-c-EAT
    News

    Israir pilot-training pact with Etihad deepens UAE-Israeli ties

    2021-01-07T09:15:00Z

    Israeli leisure carrier Israir has signed with Abu Dhabi’s Etihad Aviation Group for Airbus A320 simulator training, further tightening Israeli-United Arab Emirates ties following a recent political normalisation agreement. Etihad Aviation Training will offer cockpit crew training for Israir, under a pact through which the airline will dry-lease full-flight ...

  • Israir A320 title
    News

    Court approves BGI’s planned acquisition of Israir

    2021-01-04T08:12:00Z

    Israeli carrier Israir’s sale trustee has received court approval for BGI Investments’ planned acquisition of the airline, following a drawn-out bidding contest. The Tel Aviv district court has granted approval after Israir bondholders backed the BGI bid and rejected those of two competing suitors. All three had been ...

  • Israir-c-Israir
    News

    Israir trustee seeks court approval for BGI acquisition

    2020-12-31T08:19:00Z

    Israeli carrier Israir’s sale trustee has sought formal approval from a Tel Aviv court for the acquisition offer put forward by bidder BGI Investments. BGI Investments is a division of the company Shai Odem, controlled by retail entrepreneur Rami Levy and business partner Shalom Haim. After a drawn-out ...

  • Israir Airbus-c-Israir
    News

    Israir poised to be acquired by retail entrepreneur through BGI bid

    2020-12-30T11:06:00Z

    Retail entrepreneur Rami Levy appears set to take over Israeli leisure carrier Israir, following a convincing backing of BGI Investments’ offer for the airline in a three-way run-off. BGI had been competing in a final bidding round for Israir against rivals YH Dimri and Dor Alon Energy. Bondholders ...

  • Israir A320
    News

    Israir bidders submit final offers ahead of bondholder vote

    2020-12-28T15:06:00Z

    All three bidders for the Israeli leisure airline Israir have submitted final offers for the carrier, with bondholders set to vote on the proposals on 29 December. The three bidders – BGI Investments, Dor Alon Energy and YH Dimri – had been told to put forward final offers by ...

  • Israir Airbus-c-Israir
    News

    Court tells all three Israir bidders to submit new final offers

    2020-12-22T09:54:00Z

    All three bidders battling to acquire Israeli leisure airline Israir will be given until 28 December to submit a best and final offer, a Tel Aviv district court has ruled. The sale of Israir by its parent IDB has been immersed in controversy after bidders were permitted to submit ...

  • Israir ATR
    News

    Rival Israir bidders each lay claim to be declared victor

    2020-12-21T13:39:00Z

    Sale of the Israeli leisure carrier Israir is continuing to generate controversy among the contending parties, with investor YH Dimri insisting it should be considered the successful bidder. The trustee for the sale issued a position statement on 20 December which said that the YH Dimri offer “cannot be ...

  • Israir A320-c-Israir
    News

    Bondholders back Dimri bid for Israir but rival bemoans shifting deadline

    2020-12-17T18:01:00Z

    Bondholders of Israir parent IDB have backed the late bid by investor YH Dimri, but the sale process has sparked irritation from a rival bidder. The trustee for the sale, in an update on the bondholder voting, states that the Dimri offer was strongly supported with 97% in favour. ...

  • Israir Airbus-c-Israir
    Analysis

    Court urged to bring Israir sale to a conclusion

    2020-12-10T08:59:00Z

    Lawyers working on the auction process for Israeli leisure carrier Israir have formally requested that a court set a timeframe to bring the sale of the airline to a close. Several bidders have put forward offers for the carrier, which is owned by parent IDB. But while an ...

  • Israir A320
    News

    Investment firm YH Dimri makes play for Israir

    2020-12-09T17:04:00Z

    Israeli leisure carrier Israir has received another approach from a potential acquirer, YH Dimri Investments, the trustee for the airline’s divestment has disclosed. YH Dimri is a holding firm with interests including construction and real estate. It has submitted a bid for Israir based on a 141 million ...

  • Israir A320-c-Israir
    News

    BGI leads race for Israir as bidders continue to tweak offers

    2020-12-06T10:20:00Z

    Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee ...

  • Israir A320 title
    News

    Joint bidders interrupt Israir sale with late acquisition offer

    2020-12-04T14:13:00Z

    Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. ...

  • Israir-c-Israir
    News

    Israir bidders enhance offers in battle to acquire leisure carrier

    2020-12-01T18:18:00Z

    At least three of the prospective bidders for Israeli leisure airline Israir have submitted enhanced offers to acquire the carrier. The trustee overseeing the divestment of Israir from its parent IDB had set a 30 November deadline for best and final bids. Dor Alon Energy has put forward ...

  • Israir A320 title
    News

    Israir sale trustee expresses concerns over Fortissimo bid

    2020-11-25T20:50:00Z

    Israeli leisure carrier Israir’s trustee has expressed several concerns to the latest bidder for the airline, investment fund Fortissimo Capital, over its acquisition proposal. Fortissimo emerged as a bidder on 24 November but the airline’s trustee has sought an urgent meeting with the company to discuss problems with the ...

  • Israir A320-c-Israir
    News

    Lessor Global Knafaim bids to re-enter Israir auction after revising offer

    2020-11-12T08:51:00Z

    Israeli aircraft lessor Global Knafaim Leasing has submitted a revised offer for leisure airline Israir, having initially failed to advance to the next stage of the bidding process. It has outlined a 107 million ($31.6 million) shekel proposal comprising 35 million shekels in cash and 72 million shekels representing ...

  • Arkia A321LR - Hamburg
    News

    Arkia-Israir merger proposal among bids for Israeli leisure carrier

    2020-11-10T10:37:00Z

    Israeli carrier Arkia has revealed it is bidding to take over leisure operator Israir, one of multiple parties to have declared formal interest in acquiring the carrier. Israir is being auctioned as part of a restructuring of troubled parent company IDB Development. Arkia says it would pursue Israir ...

  • Israir ATR
    News

    Diverse UAE firm claims intention to bid for Israeli carrier Israir

    2020-10-13T17:27:00Z

    United Arab Emirates-based investors are intending to bid for the Israeli leisure carrier Israir, one of the country’s main operators. NY Koen Group, a diversified holding company located in Dubai, says it will be submitting a bid to purchase the airline. Israir has a mix of Airbus A320 ...