All Israir articles
-
NewsIsrair attributes second-quarter profit surge to technology investments
Israeli leisure operator Israir is attributing an improvement in second-quarter profit to its investment in technology, which has helped offset the impact of the Gaza conflict. Israir’s second-quarter net profit reached just over $7 million, a 44% improvement on the previous year, although its first-half net figure was down by ...
-
NewsIsrair Group signs binding agreement to acquire balance of Cypriot MRO firm
Israir Group has signed a binding agreement to acquire the remainder of Cypriot-based maintenance firm Bird Aviation.
-
NewsIsrair Group outlines plan to acquire remainder of MRO firm Bird Aviation
Israeli leisure operator Israir Group has outlined plans to acquire the remaining shares of Cypriot-based maintenance company Bird Aviation. The group took a 50% shareholding in Bird Aviation early last year. Israir Group, in parallel with a first-quarter results disclosure, says its board has reached an agreement in principle to ...
-
NewsIsrair Group to expand its A320 fleet with dry-lease agreement
Israir Group has reached a firm agreement to lease another pair of Airbus A320s, which will give it a summer fleet of 11 aircraft. Both will by dry-leased from a US lessor, which the carrier has not identified. Israir Group states that it entered the agreement on 7 May. The ...
-
NewsIsrair Group restores fleet capacity to pre-conflict levels
Six months after the Israeli-Gaza conflict began, leisure carrier Israir Group has restored its fleet to pre-war levels. The airline says it will have nine single-aisle aircraft available, 192 days since the outbreak of the conflict in October 2023. With this level of capacity, it adds, it will be able ...
-
NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
-
NewsLeisure operator Israir Group unveils provisional full-year profit
Israeli leisure operator Israir Group is estimating its full-year net profit at $16-18 million, on revenues of around $391 million. The company has given the preliminary results after disclosing plans in February to purchase an additional Airbus A320. Israir Group states that it has yet to finalise the figures covering ...
-
NewsIsrair Group revives plan to lease additional A320s
Israir Group’s board has approved adding another pair of Airbus A320s to the Israeli airline’s fleet in the second quarter of this year.
-
NewsIsrair considers convertible bond issue to fund A320 purchase
Israir Group is to consider raising debt through issuing convertible bonds, to assist with financing the purchase of an Airbus A320.
-
NewsIsrair Group halts Smartwings acquisition talks with Chinese shareholder
Israir Group’s efforts to take control of Czech carrier Smartwings have encountered difficulties after the Israeli operator stopped negotiations with the Chinese shareholder.
-
NewsIsrair acknowledges renewed merger interest from leisure carrier Arkia
Israir Group has acknowledged an approach from fellow Israeli leisure operator Arkia regarding a potential tie-up between the two airlines. It has not given details of any proposal, and points out that the contact is preliminary. Israir Group states that it examines applications for “various business opportunities” from companies and ...
-
NewsIsrair shelves plan for additional A320s at least until Gaza conflict subsides
Israeli leisure carrier Israir Group has suspended plans to introduce another pair of Airbus A320s next year, as a result of the Gaza conflict. The airline has been operating six A320s this year – two owned and four on long-term dry lease – and it tentatively agreed in August to ...
-
NewsIsrair Group negotiating financial support from government over Gaza conflict
Israeli leisure operator Israir Group is looking to secure financial support from the government as a result of disruption caused by the Gaza conflict. The company states that it expects to receive “significant and full assistance” from the government for as long as the conflict persists, and is holding talks ...
-
NewsIsrair cuts back fleet and rejigs operation in response to Gaza conflict
Israeli leisure carrier Israir has effectively halved its operational fleet as part of its response to the air transport disruption triggered by the Israel-Gaza conflict. The airline says it had been operating nine aircraft before the conflict began on 7 October, but has reduced this to “three or four”, states ...
-
NewsIsrair Group prepares for expansion as it turns in first-half profit
Israir Group is citing higher demand, expansion of its network and implementation of technological changes for an improvement in its first-half results. The Israeli company generated a pre-tax profit of $7.2 million for the six months to 30 June. Israir Group has disclosed revenues of $198 million, up from the ...
-
NewsIsraeli operator Israir to introduce another pair of A320s
Israir Group’s board has approved the introduction of another pair of Airbus A320s to develop the Israeli operator’s fleet. The two aircraft will be dry-leased and arrive in 2024, according to the company, if an agreement is finalised. Israir Group says the decision is part of a management plan to ...
-
NewsIsrair Group agrees six-month extension to Smartwings negotiations
Israeli operator Israir Group has agreed a six-month extension to the deadline for completing negotiations over its proposed acquisition of Czech carrier Smartwings. Israir Group says the 180-day extension – which commences on 4 August – has been agreed with Smartwings shareholders. The negotiations between the parties concern particular aspects ...
-
NewsIsrair pays deposit to advance Smartwings acquisition talks
Israir Group has paid a €500,000 ($544,000) deposit in favour of Chinese firm CITIC Group, as part of the Israeli operator’s negotiations to take over Czech airline Smartwings. CITIC is linked to the Chinese economics ministry and holds just over 49.9% of Smartwings. Israir Group has been negotiating with Smartwings’ ...
-
NewsIsrair granted extension to Smartwings talks with Chinese investors
Israeli leisure operator Israir Group has been granted an extension to complete negotiations with Chinese interests regarding its proposed acquisition of Czech carrier Smartwings. Israir Group says the extension will run to 3 July. Aspects of the discussions include the deposit of €500,000 ($547,000) in favour of CITIC Group, which ...
-
NewsIsrair to submit Smartwings transaction proposal to Chinese shareholder
Israir Group has outlined the requirements to bid for the Chinese shareholding of Czech carrier Smartwings, of which the Israeli leisure company is pursuing an acquisition. China’s economics ministry, through CITIC Group, holds 49.92% of Smartwings while the 50.08% balance is owned by entities controlled by investors Roman Vik and ...