In a press release, the group indicated that it is excited about the potential purchase of Israir and the opportunities that this provides.
The deal comes at a time when the UAE and Israel are preparing to start direct flights between the two countries after signing an agreement to normalize relations between the two countries in the middle of last month.
Israir operates scheduled and chartered flights to various popular destinations across Europe, and plans to start traveling to Dubai and Abu Dhabi soon.
NY Koen believes that the purchase and investment in Israeli aviation by a UAE-based company would help advance the peace agreement.
It is noteworthy that the NY Koen Group is an international holding company, headquartered in the Emirate of Dubai, and was founded by Ukrainian businessman Noam Quinn in 2003.
It also has companies in various sectors including jewelery, diamond manufacturing, private aviation, digital technologies, construction and security.
It is active in the United Arab Emirates, India, Azerbaijan, the Czech Republic, Kuwait, Bahrain, Saudi Arabia, Ukraine, the United States of America, and Hong Kong.
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