Editorial Comment

47% stake in El Al sold as Indonesia once again sits in the safety spotlight

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47% stake in El Al sold as Indonesia once again sits in the safety spotlight

First Israel Mezzanine Investors Fund (FIMI) and El Al Israel Airlines signed an agreement on Saturday, which will see FIMI invest up to $75m in return for a 47% stake in the Israeli flag carrier. FIMI will form a control group with Knafaim Holdings Ltd. FIMI will initially invest $50 million in El ...

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