Investor group buys controlling stake in Arkia

The patrons are Kidan Dahari and Yaron Adib, house owners of the Ishpro Group and the Tanaport firm. Netanel Ariel and Alon Perel | November 26, 2012 After twenty years, the Nakash household is promoting its controlling stake in Israeli airline Arkia. The client consortium contains Kidan Dahari and Yaron Adib, house owners of the Ispro-Tnuport actual property group. Alongside them are Yariv Lerner, chairperson and co-owner of the Negev Group (Negev Ceramics), Viola Credit score, and Einav Adiv-Berar, Yaron Adib’s sister, who owns a number of medical facilities, together with the TLV Medical Middle. Particulars of the transaction weren’t disclosed, however sources inform “Globes” that it’s value NIS 40-50 million.

The consortium is buying nearly all of the shares in Arkia, with the Nakash household anticipated to retain a minority stake, the precise measurement of which isn’t but recognized. Arkia’s workers will proceed to carry the remaining shares.

Consequently, brothers Rafi, Joe, and Avi Nakash, who bought the airline in 2005 for $10 million, are exiting the funding by the pores and skin of their enamel. The corporate has collected heavy losses over the previous 12 months, presently exceeding $30 million, a determine that would attain $50-60 million by year-end. The losses had been pushed by the worldwide surge in gas costs during the last 12 months, following Operation Roaring Lion towards Iran.

The announcement launched by the Nakash brothers didn’t disclose the exact funding quantity, the corporate valuation, or the deliberate possession construction. Nor did it specify a timeline for the transaction’s completion or for acquiring the mandatory regulatory approvals. At this stage, the announcement doesn’t element how the shares will likely be distributed among the many patrons, what portion will stay with the Nakash brothers, or what the workers’ stake will likely be following the deal. The transfer was spearheaded on behalf of the brothers by Avi Hormaro, CEO of the Nakash Group, whom they appointed to steer the corporate’s restoration course of.

The buying consortium acknowledged that it believes in Arkia and the Israeli aviation sector, and is getting into the corporate with a long-term dedication. In keeping with the consortium, the funding is meant to stabilize the corporate, strengthen its operations, and guarantee its continued exercise for the good thing about its workers, passengers, and the Israeli financial system. Adv. Doni Toledano of Erdinast, Ben Nathan, Toledano and Adv. Gadi Ouzan of Shibolet & Co. suggested on the settlement.

For the reason that starting of the 12 months, Arkia has ranked third in passenger visitors at Ben Gurion Airport, after El Al and Israir. The airline has transported 1.6 million passengers in 2026, accounting for 10.5% of whole visitors on the airport, whereas Israir ranks barely forward with 1.7 million passengers. Nonetheless, based on Ben Gurion Airport’s operational metrics, Arkia is the Israeli service with the very best variety of delays (averaging 58 minutes for departures and 46 minutes for arrivals). Amongst all airways working on the airport, Arkia ranks fifth by way of delays. On this context, it seems that the brand new house owners’ mission will likely be to compete head-to-head with Israir, whereas additionally working to enhance the standard of the corporate’s service.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 12, 2026.