Investors Buy Controlling Stake in Israir Airlines

Credit: Joe Pries
A 51% stake in Tel Aviv-based Israir Airlines has been sold to BGI Investments, a firm controlled by supermarket tycoon Rami Levy and food trader Shalom Haim. They agreed to pay ILS162 million ($51.3 million) for the shares, according to The Times of Israel. An auction of Israir began in September...

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