M&A Deal Summary

EL AL Israel Airlines Acquires Israir Aviation & Tourism

On July 5, 2017, EL AL Israel Airlines acquired airliner Israir Aviation & Tourism

Acquisition Highlights
  • This is EL AL Israel Airlines’ 1st transaction in the Airlines sector.
  • This is EL AL Israel Airlines’ 1st transaction in Israel.

M&A Deal Summary

Date 2017-07-05
Target Israir Aviation & Tourism
Sector Airlines
Buyer(s) EL AL Israel Airlines
Deal Type Divestiture

Target

Israir Aviation & Tourism

Tel Aviv, Israel
Israir is an Israeli private company, engaged in international and domestic flights as well as wholesale of vacation packages to international destinations, organized tours, package tours, skiing and more, under several brands, among them NATOUR, UNITEL, SKIDEAL and BISHVIL HAZAHAV. Israir is also engaged, through a holding in Diesenhaus Unitours Ltd. – a fully-owned subsidiary of Israir – in the sale and wholesale marketing in Europe of Israeli hotels (incoming tourism). In the course of its aviation operations, Israir mainly operates charter flights as well as scheduled flights to a number of destinations.

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Buyer(S) 1

Buyer

EL AL Israel Airlines

Lod, Israel

Category Company
Founded 1948
Sector Airlines
Employees3,013
Revenue 3.4B USD (2024)
DESCRIPTION

EL AL Israel Airlines is a provider of airline services. EL AL Israel Airlines was founded in 1948 and is based in Lod, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2017 M&A 1 of 1