NY Koen group to buy Israir

[theyankel]

https://www.yahoo.com/news/dubai-based-ny-koen-group-230500521.html

[PlatinumGuy]

Dubai based Naum Koen bid on Israir

[Dan]

How does a Dubai based group based an Israeli airline?

[PlatinumGuy]

How does a Dubai based group based an Israeli airline?

It's a Ukranian Jew taking advantage of Dubai's tax regime (lack thereof)

Elal is classified as critical infrastructure is subject to government holding approval, besides for the fact the Israeli government, having founded Elal retained 'gold' shares with a special voting right to veto any large stakeholder.

Israir has neither problem.

[ExGingi]

How does a Dubai based group based an Israeli airline?

Look at their web address and logo.

https://ny770.group/



Who is נחום כהן? And what does the Y stand for? Is it a middle name (יעקב, יצחק, יהודה, יחיאל, etc.) or is it his wife's name? Or is it a patronym? Anyone from Kiyv on DDF that knows him?

founded by Naum Koen

[Dan]

Look at their web address and logo.

https://ny770.group/

LOL
Will be fun to see all of Israel's airlines go full charedi.
Mehadrin meals for all?

[ExGingi]

LOL
Will be fun to see all of Israel's airlines go full charedi.
Mehadrin meals for all?

WWAD?

(What will Arkia do?)

On a more serious note, I don't care much about the meals, but less public חילול שבת is big.

[Dan]

WWAD?

(What will Arkia do?)

On a more serious note, I don't care much about the meals, but less public חילול שבת is big.

Israel murdered Arkia when they closed SDV and ETH.
If not for that, Arkia would be flying beautiful 339s from JFK-TLV 

[ExGingi]

Israel murdered Arkia when they closed SDV and ETH.
If not for that, Arkia would be flying beautiful 339s from JFK-TLV 

Don't they do a lot of Europe and Africa vacations (obviously not at this time).

[Dan]

Don't they do a lot of Europe and Africa vacations (obviously not at this time).

SDV-ETH was Arkia's cash cow.

[ExGingi]

SDV-ETH was Arkia's cash cow.

It's beyond me how anyone could think that LLBG-ETM can be a substitute (especially with no rail link between ETM and downtown Eilat).

[Dan]

It's beyond me how anyone could think that LLBG-ETM can be a substitute (especially with no rail link between ETM and downtown Eilat.

Pure insanity and/or arrogance.
Killed the market overnight and killed getting another airline flying JFK-TLV.

[ExGingi]

Pure insanity and/or arrogance.
Killed the market overnight and killed getting another airline flying JFK-TLV.

There was also lots of greed and legal issues. SDV was encroaching on highly coveted privately owned real estate. 

But that doesn't take away from the Insanity/arrogance argument. We know who we're dealing with after all.

[tavster]

It's beyond me how anyone could think that LLBG-ETM can be a substitute (especially with no rail link between ETM and downtown Eilat).

Those who are building this beg to differ

https://en.globes.co.il/en/article-sde-dov-development-plan-approved-1001321694

[ExGingi]

Those who are building this beg to differ couldn't care less. They care about their own pockets.

https://en.globes.co.il/en/article-sde-dov-development-plan-approved-1001321694

FTFY

[ExGingi]

Pure insanity and/or arrogance.
Killed the market overnight and killed getting another airline flying JFK-TLV.

But then OTOH from what I hear Eilat is stuck several decades behind Aqaba in what it has to offer. (And is pricier).

[tavster]

But then OTOH from what I hear Eilat is stuck several decades behind Aqaba in what it has to offer. (And is pricier).

Eilat is garbage.
But there is a market for it and many Israelis can't be bothered to go elsewhere

[ExGingi]

Look at their web address and logo.

https://ny770.group/



Who is נחום כהן?

Will it be considered an arm's length transaction if ownership moves from Elsztain (indirectly through IDB) to Koen?

[ExGingi]

https://en.globes.co.il/en/article-dubai-based-al-habtoor-to-bid-for-israir-1001346712

[ExGingi]

https://m.calcalist.co.il/Article.aspx?guid=3865591

More details (and photo) regarding Koen's bid.