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Full coverage· Economy· Updated

Israir Considers Acquiring Rival Airline Arkia

Israir Airlines is considering acquiring its competitor, Arkia, in a deal that could consolidate two Israeli carriers. Israir CEO Uri Sirkis confirmed the preliminary talks, noting the potential benefits include fleet expansion and cost reduction.

2 newsrooms · 1 language · since

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What happened

  1. 01Israir Airlines is in preliminary talks to acquire its competitor, Arkia.
  2. 02Israir CEO Uri Sirkis confirmed the discussions to employees on Friday.
  3. 03The potential merger could lead to a consolidated Israeli airline with 20 aircraft.
  4. 04Benefits include expanded fleet, reduced costs, and increased international competitiveness.
  5. 05Sirkis described the move as strengthening Israeli aviation, not a takeover.

The combined entity could operate 20 aircraft and compete more effectively with international airlines. No final decision has been made on the potential merger.

Translated and summarized by baba from Arutz Sheva, the latest report. Read Arutz Sheva’s original

The coverage

2 newsrooms on this story

Who covered it

  • LeftNone
  • CentreNone
  • Right1
  • HarediNone
  • ArabNone
  • Other1

How it broke

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