Israir in Preliminary Talks to Buy Rival Arkia
Israir CEO Uri Sirkis said the Israeli airline is in preliminary talks to acquire Arkia, its main local rival.
By Steven ScheerIsraeli airline Israir TASE:ISRG is in preliminary talks to buy its main local rival Arkia in a bid to better compete against foreign carriers, Chief Executive Uri Sirkis said in a letter to staff.Local media have reported that privately owned Arkia has recently suffered a loss, and…