Arkia Sold: Control Passes to Investor Group

In depth

The brothers Rafi, Joe and Avi Nekash signed an agreement to bring an investor group into the airline Arkia, which will become the controlling shareholder of the company. Under the agreement, the buyers will inject tens of millions of dollars into the company.

The buying group includes Kidan Dahari and Yaron Adiv, owners of the companies Ispharm and Tenophort, Yariv Lerner, chairman of Negev Ceramics, and Inav Adiv-Brar. Yariv Lerner leads the group. The Nekash brothers will continue to hold 3% of the company's shares.

The agreement was signed against the backdrop of losses of more than $30 million since the start of the year. Hours before the signing, the Histadrut declared a labor dispute at the company, and employees oppose the deal. Negotiations with the employees are expected tonight.