All Israir articles – Page 3
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NewsIsrair 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 ...
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NewsIsrair 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 ...
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NewsIsrair 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 ...
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NewsCourt 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 ...
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NewsRival 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”, ...
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NewsBondholders 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 ...
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AnalysisCourt 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 ...
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NewsInvestment 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 ...
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NewsBGI leads race for Israir as bidders continue to tweak offers
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 has put ...
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NewsJoint bidders interrupt Israir sale with late acquisition offer
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. Their submitted ...
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NewsIsrair bidders enhance offers in battle to acquire leisure carrier
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 options including ...
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NewsIsrair sale trustee expresses concerns over Fortissimo bid
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 bid. ...
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NewsLessor Global Knafaim bids to re-enter Israir auction after revising offer
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 a ...
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NewsArkia-Israir merger proposal among bids for Israeli leisure carrier
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 “by way ...
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NewsDiverse UAE firm claims intention to bid for Israeli carrier Israir
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 jets and ...
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NewsIsrair operates Bahrain flight after Israeli pact with kingdom
Israeli leisure carrier Israir has carried out a service to Bahrain from Tel Aviv, a week after the signing of a diplomatic accord between the two countries. Israir operated an Airbus A320 on the route which – like a previous El Al flight to the United Arab Emirates – involved ...
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InterviewINTERVIEW: Israeli transport minister Yisrael Katz
Last year, an analysis revealed that fewer than half of Israeli government decisions were actually implemented, even if partially implemented decisions were included. One decision, though, passes the test with flying colours: the 2013 undertaking to open Israel's skies.
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News
El Al confirms interest in Israir merger
El Al is negotiating a possible takeover of Tel Aviv-based Israir and could absorb the airline’s assets into either its charter or low-cost divisions.
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NewsIsraeli carriers seek help with financial impact of conflict
Israel's airlines have asked the national government for emergency help to balance losses being incurred as a result of the "Protective Edge" operation in Gaza.
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News
Israir enters line maintenance pact with LHT
Israeli carrier Israir has agreed a co-operation with German maintenance firm Lufthansa Technik covering the airline's Airbus A320s.
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