52 Week Range
As of on the Tel Aviv Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
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Knafaim Holdings Ltd's Subsidiary Sells Two Airplanes And Reserve Engines
Knafaim Holdings Ltd Appoints New Chief Executive Officer, Mr. Ronen Tzioni
Knafaim Holdings Ltd Announces Resignation of Chief Executive Officer, Mr. Shlomo Hanael
Knafaim Holdings Limited (Knafaim) is an Israel-based tourism and air aviation services company. Knafaim operates, through its subsidiaries, domestic flights and international charter flights. Knafaim also leases planes and provides maintenance services for airplanes and runways in Israel. Knafaim's domestic flights' destinations include Eilat, Tel Aviv, Haifa, Ben Gurion Airport and the Rosh Pina Airport. In addition, Knafaim's subsidiary, Arkia, acts as a charter company and operates international flights in the Mediterranean region and Europe, and regular flights to Georgia and Uzbekistan. The Company holds an international carrier, El Al Airlines (39.33%), which has 207 weekly flights to 35 different destinations.
Ayalon House, 12 Aba Hillel Rd.
Chief Executive Officer
Eran Ben Menachem
Chief Financial Officer
Vice President, General Counsel, Secretary
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Three Israeli airlines will begin direct flights from Tel Aviv to Dubai in December, with El Al operating twice daily services, Israir offering six weekly flights and Arkia operating a daily service, Dubai Airports said on Wednesday.
Israel's privatisation body on Friday granted control of El Al Airlines to religious student Eli Rozenberg, putting faith in the 27-year-old's plan to turn around the cash-strapped flag carrier.
El Al Israel Airlines <ELAL.TA> is opposing the purchase of a controlling stake by religious student Eli Rozenberg, alleging he is a front man for his father, who is not an Israeli citizen as required by law, according to a letter from its lawyers.
A 27-year-old U.S.-born yeshiva student has secured control of El Al Israel Airlines <ELAL.TA> following a public share offering that was a government condition for the carrier to receive a 75% state-backed $250 million loan.
Cash-strapped El Al Israel Airlines <ELAL.TA> raised $148 million in a government-mandated share offering on Wednesday that will enable it to receive a state bailout package.
Israeli-Russian businessman David Sapir has offered to buy joint control of financially strapped El Al Israel Airlines <ELAL.TA>, promising to use his business ties to return Israel's flag carrier to profitability.
El Al Israel Airlines swung to a loss in the second quarter with commercial operations still suspended due to COVID-19, while cargo flights and cutbacks were unable to offset the loss in revenue from passenger flights.
Eli Rozenberg's bid for a controlling stake in El Al Israel Airlines <ELAL.TA> is below the price that can be obtained in a public share offering and may struggle to gain board support, said a source close to the board who declined to be named.
The board of Israel's El Al Airlines <ELAL.TA> has agreed to a bailout package that will likely put the flag carrier back under state ownership, the company said on Monday.
El Al's <ELAL.TA> fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid.
The coronavirus crisis may be pushing El Al Israel Airlines <ELAL.TA> back into the hands of the state, less than two decades after the flag carrier was privatised.
The Israeli government will demand that El Al Israel Airlines <ELAL.TA> carries out an overhaul, including layoffs, before agreeing to throw a lifeline to the cash-strapped airline, officials said on Sunday.
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