Air Transport World

Balkan Bulgarian Airlines.(Brief Article)

Balkan Bulgarian Airlines has a new majority owner. Israeli entrepreneur Gad Zeevi's Zeevi Group, which includes Zeevi Holdings Ltd., and Knafaim-Arkia Holdings Ltd., holding company of Arkia Israeli Airlines Ltd., acquired a 75% stake in Bulgaria's national airline.

The $150,000 contract includes a pledge by the Israeli group to invest an additional 100 million into the debt-ridden carrier over the next five years, including $20 million during the first year. …

Log in to your account to read this article – and millions more.