All Israir articles – Page 2

  • Israir A320-c-Israir Group

    Israir Group awaiting progress update on Smartwings bid


    Israeli leisure operator Israir Group is expecting to learn more about the status of its bid for Czech carrier Smartwings in the second half of January. Israir Group submitted a formal proposal to acquire Smartwings last year. It has yet to confirm whether its offer – which included a takeover ...

  • Israir ATR-c-Davidi Vardi Shutterstock

    Israir reaches binding deal to sell ATRs to foreign carrier


    Israeli operator Israir has signed a binding agreement to sell a pair of ATR 72-500s, which will leave it with an all-Airbus A320 fleet. The carrier says it sealed the agreement on 29 December, adding that they will be transferred to a “foreign airline”, without elaborating on its identity. Israir ...

  • Israir title-c-Israir

    Israir details updated bid for Smartwings


    Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...

  • Israir tail-c-Israir

    Israeli state takes Israir convertible bonds in exchange for financial aid


    Israel’s government is to provide financial assistance to operator Israir Group in exchange for convertible bonds. The ministry of finance has agreed to provide 33 million shekels ($9.4 million) to the company’s aviation and tourism division. It will provide the funding in US dollars, and receive convertible bonds as collateral ...

  • Israir ATR

    Israir unifying its fleet around A320s after agreeing to sell ATR 72s


    Israeli leisure operator Israir has tentatively agreed to sell its pair of ATR 72-500 turboprops, in order to simplify its fleet. Israir intends to unify its fleet based on Airbus A320s. It has six A320s – two owned and four dry-leased – and intends to add a seventh in the ...

  • Smartwings 737-c-Smartwings

    Israeli carrier Israir lines up bid for Czech operator Smartwings


    Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...

  • El Al 787-c-El Al

    Israeli government to offer additional state-aid package to airlines


    Israel’s government is to offer additional financial support to the country’s troubled airlines, approving a proposal for a state aid package worth up to $44 million. The finance and transport ministries say they have jointly put forward the proposal to provide “immediate cash-flow assistance” given the “exceptional damage” inflicted on ...

  • El Al 787-c-El Al

    Israeli finance ministry outlines loan offer to support struggling airlines


    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

    Israeli carriers face labour dispute over perceived job threat to workforce


    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

    Control of leisure carrier Israir finally handed to new owner BGI


    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 on ...

  • EAT simulator bay-c-EAT

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


    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 simulators ...

  • Israir A320 title

    Court approves BGI’s planned acquisition of Israir


    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 ordered, in ...

  • Israir-c-Israir

    Israir trustee seeks court approval for BGI acquisition


    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 contest for ...

  • Israir Airbus-c-Israir

    Israir poised to be acquired by retail entrepreneur through BGI bid


    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 voted on ...

  • Israir A320

    Israir bidders submit final offers ahead of bondholder vote


    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 28 ...

  • Israir Airbus-c-Israir

    Court tells all three Israir bidders to submit new final offers


    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 proposals ...

  • Israir ATR

    Rival Israir bidders each lay claim to be declared victor


    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 approved”, ...

  • Israir A320-c-Israir

    Bondholders back Dimri bid for Israir but rival bemoans shifting deadline


    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. Offers ...

  • Israir Airbus-c-Israir

    Court urged to bring Israir sale to a conclusion


    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 initial deadline ...

  • Israir A320

    Investment firm YH Dimri makes play for Israir


    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 shekel ($43.4 ...