El Al CEO says new investors eyeing airline after FIMI deal collapses

24.10.2013                      20.Cheschwan.5774

Wirtschaft:

El Al CEO says new investors eyeing airline after FIMI deal collapses

$75 million deal fell through because of management's failure to reach new wage accord with union, confirms Elyezer Shkedy.

El Al Airlines, the country's flagship carrier, has been approached by unnamed investors interested in taking a strategic stake in the carrier after an agreement with the FIMI private equity fund collapsed some two weeks ago, CEO Elyezer Shkedy said on Wednesday….