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UAE-based Israeli businessman Koen said bidding $50 million for Israir Airlines

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A Dubai-based company is offering to buy Israir Airlines, one of Israel’s largest carriers and tourism companies, for some NIS 170 million ($50 million), a person familiar with the matter told The Times of Israel, after NY Koen Group confirmed in a statement that negotiations for the airline have commenced.

Talks were held in Dubai last week between Israir representatives Assaf Zur, chief financial officer, and Avivit Peleg, vice president, Leisure Groups Purchasing and Operations, and Naum Koen, the Jewish businessman who is the owner of NY Koen Group.

“We’re currently reviewing details regarding corporate objectives and the financial state of Israir,” said Koen in the statement. “Both NY Koen Group and Israir are excited about the future potential of this purchase and are eager to have the details finalized quickly.”

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© The Times of Israel

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