Investment Group Buys Control of Israeli Airline Arkia Amid Financial Woes
Summarized from Haaretz English by baba
An investment group has purchased control of the Israeli airline Arkia following recent cash-flow problems. The deal was announced Thursday, with the new investors promising to stabilize and strengthen the company's operations after a labor dispute over cutbacks.
The story in 4 lines · by baba
- An investment group has bought control of the Israeli airline Arkia.
- The sale follows recent cash-flow difficulties for the airline.
- A labor dispute over planned cutbacks preceded the sale.
- New investors pledged to stabilize and strengthen Arkia's operations.
Haaretz English publishes in English. The key points are summarized above. Read Haaretz English’s full report from the link at the top of the page.
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