The Jerusalem PostEconomy
Israir in Talks to Acquire Rival Arkia to Boost Competition
Summarized from The Jerusalem Post by baba
Center-rightCharged tone
Israeli airline Israir is in preliminary talks to purchase its rival Arkia, aiming to create a stronger domestic aviation group to compete with foreign carriers. Israir CEO Uri Sirkis stated the acquisition would lead to significant cost savings and improved competitiveness. Arkia is reportedly facing a financial crisis, with losses estimated at $30 million for the first three quarters of 2026, though the company maintains its operations are stable.
The story in 6 lines · by baba
- Israir airline is in preliminary talks to acquire its main local rival, Arkia.
- The potential acquisition aims to strengthen Israeli aviation and compete with foreign carriers.
- Arkia is reportedly in a financial crisis, with losses estimated at $30 million in 2026.
- Israir CEO Uri Sirkis believes the merger would create significant annual savings.
- Israir aims to carry 3.5 million passengers by 2030 with an expanded fleet.
- Both airlines currently hold around 11-12% market share at Ben-Gurion Airport.
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