All Israir articles – Page 3
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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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