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As of on the Tel Aviv Stock Exchange ∙ Minimum 15 minute delay
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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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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.
The board of Israel's El Al Airlines has agreed to a bailout package that will likely put the flag carrier back under state ownership, Israeli news website Calcalist reported 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.
El Al Israel Airlines said on Thursday it agreed to trim its staff of flight attendants to save $30 million a year, as it negotiates a governemnt bailout while flights have been grounded due to the coronavirus outbreak.
El Al Israel Airlines extended its suspension of scheduled commercial flights until July 31 and said it would continue to use its aircraft for cargo and occasional passenger flights.
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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