Air Transport World

Knafaim-Arkia Holdings.(Africa/Middle East report)(Brief Article)

Knafaim-Arkia Holdings, parent of Arkia Airlines, filed a statement of intent with the Tel Aviv Stock Exchange at the end of March to exercise from Dec. options that will raise its stake in El Al Israel Airlines to 25.1%. Assuming Israel's antitrust commissioner Dror Strum approves the bid to exercise options beyond the currently prescribed 25% ceiling, Knafaim effectively could take control of El Al as early as June. …

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