Israir: Five groups of investors submitted bids to buy the airline

Five groups of investors yesterday submitted to Adv. Ofir Naor offers to acquire control of Israir. The corona epidemic and the closure of the skies severely damaged Israir’s value. Half of the value of the deal valued only a year ago.

Israelis at Ben Gurion Airport the day before the closure Credit Avshalom Shashoni

The Nakash family submitted a proposal to merge Arkia with Israir, with the possibility of a future IPO of the merged company on the stock exchange. The proposal reflects a value of $ 40 million for the joint venture. Tami Mozes-Borovich, through Wings, offered $ 17 million for Israir – the lowest value for the company among those submitted to a trustee appointed by the court, Adv. Ofir Naor.

Additional offers submitted to the trustee are from Moti Ben Moshe, owners of Blue Square Oak, and from businessman Rami Levy, owners of the Rami Levy Sycamore Marketing chain, in collaboration with Shalom Haim, owners of Taaman BGI – at a value of $ 20 million. Amnon Sela, owner of Mesilot, in collaboration with Arie Friedenson, who controls the chassis, submitted a bid of $ 29 million.

Adv. Naor will conduct a bidding process at the end of which the company will be sold to the person who offered the highest amount, with a good chance of realization and approval of the transaction by the employees and pilots.

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