Airline

El Al to merge Sun d’Or Unit with Israir

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El Al to merge Sun d’Or Unit with Israir

El Al Airlines has reached a preliminary agreement to merge its Sun d’Or unit with the smaller carrier Israir. Under the terms of the agreement, El Al will buy Israir from the IDB group, which is controlled by Argentinian investor Eduardo Elsztain, for $24 million plus a 25% stake in the merged co...

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