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Arkia Airlines Faces Ownership Change Amid Financial Woes and Labor Disputes
Arkia Airlines' controlling owners, the Nakash brothers, have agreed to sell a majority stake to a group of investors to inject capital and address financial losses. The deal faces challenges from employees, who hold a significant share and fear job cuts and dilution of their ownership.
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What happened
- 01Arkia Airlines' controlling owners agreed to sell a majority stake to new investors to inject capital.
- 02The Nakash family will retain a minority stake, while employee ownership will continue.
- 03Employees have declared a labor dispute over austerity measures and fear job security impacts.
- 04Arkia has reported losses exceeding $30 million since the start of 2026.
- 05The deal's completion is pending further negotiations on ownership structure and employee rights.
- 06The Israeli aviation sector faces challenges following the October 2023 conflict.
The airline, Israel's third-largest, has reported substantial losses and operates amid a difficult period for the Israeli aviation sector.
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