New Bidders Join Israeli Boutique Hotel Chain Brown in Bidding Race for Israeli Airline Israir
Israeli businessmen Meir Shamir and Harel Shapira are both in deliberations to acquire Israir from controlling stakeholder IDB, according to people familiar with the matter
Golan Hazani | 12:45 28.04.2019
New bidders have joined Israeli boutique hotel chain Brown in the bidding race for Israeli airline Israir Airlines Ltd.
Shamir has already reached an understanding with Israir’s pilots, promising them between 5% and 10% of the company’s stock, the person familiar with the matter said. IDB will also maintain a small share of the company, according to the person. In March, Calcalist reported that Brown has reached understandings in a deal to acquire Israir for $70 million. Brown and Tel Aviv-based investment firm Kedma Capital also remain in the running, according to the people familiar with the matter.