Investor Withdraws Bid For El Al Stake After Airline Fails To Broker Labor Deal
First Israel Mezzanine Investors Fund (FIMI) has cancelled its planned $75 million investment in El Al after the airline’s management failed to reach a new labor agreement. In April, FIMI, the country’s largest investment fund, agreed to invest in El Al in return for up to 47% of the carrier. El...
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