boeingforever
Posts: 200
Joined: Wed Dec 08, 2004 12:05 pm

Israels Second Largest Airline Sells

Wed Dec 28, 2005 10:42 am

Arkia airlines sale just went through. I bet these guys are going to clean up with this new airline. The ny-tlv route is very lucrative, and i think they are the only new airline that can get the rights to fly it.
read

Knafaim finally sells Arkia Airlines to Nakash group
Earlier this month, airline workers demanded the Antitrust Authority force Arkia's trustee to sell the company.
Dalia Tal 27 Dec 05 15:10


Knafaim-Arkia Holdings (TASE: KNFM) will sell its 75% stake in Arkia Airlines to the Nakash group. Employees own the other 25%. The deal is slated for signing in the next few days.
Knafaim has been trying to sell its aviation business for the past two years. In March, Arkia’s employees expressed a wish to acquire the company, but the deal fell through. The company’s managers then expressed interest in buying the company, but no deal was signed.

K. May Holdings Ltd. and a European company also bid for Arkia. Adv. Ronit Amir-Yaniv, a partner in Yigal Arnon’s law firm, is representing Knafaim, and Adv. Avi Gera is representing the Nakash group.

Knafaim is being forced to sell Arkia after its controlling shareholders, the Borovich family, acquired El Al Israel Airlines (TASE: ELAL). In June, following unsuccessful attempts to sell Arkia, the Antitrust Authority director general directed Arkia trustee Adv. Hanina Brandes to sell the company by the end of September, but the sale did not go through.

Earlier this month, Arkia workers demanded that the Antitrust Authority director general force Brandes to sell the company. Last week, the workers asserted that the Borovich family was undermining the sale. They demonstrated last week in front of Arkia’s offices, demanding that the company be sold.

Arkia lost $15 million on aviation activity in 2004, but managed to cut its losses to $4.5 million in 2005. Arkia chairman Rafi Harlev predicted that the company would earn a $2.5-5 million profit on this activity in 2006.

Arkia’s employees claim that the company has potential for further growth, which will be fulfilled after it is sold. They are also demanding that the Minister of Tourism give the company the status of designated carrier on the New York route
 
2travel2know
Posts: 2236
Joined: Sun Apr 10, 2005 7:05 am

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 1:16 pm

Is Arkia a "Shomer Shabbat" airline?
I mean, Do they stop flying on saturdays like LY ?
I don't work for COPA Airlines!
 
boeingforever
Posts: 200
Joined: Wed Dec 08, 2004 12:05 pm

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 2:13 pm

i think they are not..maybe thats why they r going to make money this year
 
Focus
Posts: 60
Joined: Sat Feb 10, 2001 5:46 am

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 2:47 pm

Quoting 2travel2know (Reply 1):
Is Arkia a "Shomer Shabbat" airline?

Arkia regularly flies on Shabbat.

Quoting 2travel2know (Reply 1):
Do they stop flying on saturdays like LY ?

LY also flies on Shabbat, using their metal and staff under the "Sun D'or" brand. Not only that, but since LY went private, the Shabbat flights are a matter of choice. Since most people prefer flying on Thursday night (beginning of the weekend here) or Saturday night (end of the weekend), there may not be an economical justification to operate on Shabbat and risk losing some of the religious customers.

--Focus
 
CO7e7
Posts: 2686
Joined: Thu Dec 30, 2004 3:39 pm

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 9:35 pm

Quoting Focus (Reply 3):
LY also flies on Shabbat, using their metal and staff under the "Sun D'or" brand

Focus,
Would you be kind enough and explain to me why they do this? I am not familiar with Jewish Law, but this sounds interesting.

Todah !!

 Smile
 
boeingforever
Posts: 200
Joined: Wed Dec 08, 2004 12:05 pm

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 10:10 pm

does anyone know who these people are that bought the airline. Do they have any eperience owning an airline?? Sounds like The borovich family was doing a good job
 
Focus
Posts: 60
Joined: Sat Feb 10, 2001 5:46 am

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 10:39 pm

Quoting CO7e7 (Reply 4):
Would you be kind enough and explain to me why they do this?

Quite simple, actually.
According to Jewish law and its modern interpretations, flying (among other things) is forbidden on Shabbat (Shabbat starts at sunset Friday and ends at sunset Saturday). Thus, observant Jews don't work, don't drive, don't operate any electronic devices, and don't fly on Shabbat. They will not fly on Shabbat, no matter which carrier it is.

While LY was state owned and "flag carrier", it did not operate on Shabbat for three reasons, not necessarily in the following order:

1. Political lobbyists.
2. Respect for the Jewish tradition.
3. The fear to lose religious customers.

Why did they (or do they) fear losing the religious customers? Because some observant Jews are more comfortable flying a foreign carrier with a gentile crew, than flying on board an aircraft with the Star of David, and a Jewish crew that is known to break Jewish laws.
By the way, we all remember that the infamous Tower Air voluntarily refrained from operating on Shabbat (at least not to TLV), and won many orthodox customers on their JFK-TLV route.

Now, the thing is this: the majority of us Israelis is on the secular side, meaning that we drive on Shabbat and we don't mind flying on Shabbat. TLV is fully operational on Shabbat with all but LY, and is quite busy, although as mentioned most people prefer to make the best of their weekends and fly on Thursday or Saturday night.
In order to meet the secular demand and to wisely utilize the equipment on Shabbat, LY operated some of its flight under "S'un D'or". Most of these flights are during the summer, usually to high density tourist destinations. For example, they operated a flight to Phuket every Shabbat a few years ago, using LY's 744s and 772.
It's a known secret that these are actually LY flights, but since they brand them as Sun D'or (and occasionally cover the Star of David), this may be acceptable by some religious customers.

So all in all, it's just a matter of what is seen from the outside. From the religious point of view, there are no official LY flights on Shabbat. From the economical one, some of the metal is efficiently utilized, and so everyone is satisfied...

--Focus
 
boeingforever
Posts: 200
Joined: Wed Dec 08, 2004 12:05 pm

RE: Israels Second Largest Airline Sells

Wed Dec 28, 2005 11:40 pm

That was a great explanation...is arkia an airline that flies on the sabbath??
 
Focus
Posts: 60
Joined: Sat Feb 10, 2001 5:46 am

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 1:06 am

Quoting BoeingForEver (Reply 7):
is arkia an airline that flies on the sabbath??

Yup.

Both Arkia and Israir fly regularly and officially on Shabbat.

--Focus
 
CO7e7
Posts: 2686
Joined: Thu Dec 30, 2004 3:39 pm

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 4:57 am

Focus,

Thank you very much for the great information.

Zaki
 
4xRuv
Posts: 379
Joined: Sat Dec 06, 2003 10:05 pm

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 7:56 am

BUT!!!!
Arkia and Israel don't fly any shceduled flight, only chartered. (at least the international flights)
 
CO7e7
Posts: 2686
Joined: Thu Dec 30, 2004 3:39 pm

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 10:38 am

Quoting 4xRuv (Reply 10):
Arkia and Israel don't fly any shceduled flight, only chartered

Isn't Sun D'Or the same thing ? Charter flights I mean ?
 
boeingforever
Posts: 200
Joined: Wed Dec 08, 2004 12:05 pm

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 11:51 am

Do the purchasers no anything abuot running an airline???
 
amirs
Posts: 1184
Joined: Fri Dec 05, 2003 7:20 am

RE: Israels Second Largest Airline Sells

Thu Dec 29, 2005 10:38 pm

Quoting BoeingForEver (Thread starter):
The ny-tlv route is very lucrative, and i think they are the only new airline that can get the rights to fly it.

Actually Israir as a better chance of getting the route.
Israir offers 3X charter flights to JFK and they are currently fighting the battle against LY to get the route.
Word is that as soon as next week we will know if another Israeli airline will join LY on the NY route.
 
SNBru
Posts: 149
Joined: Sat Feb 26, 2005 10:33 pm

RE: Israels Second Largest Airline Sells

Fri Dec 30, 2005 12:03 am

This summer I had a pretty good experience with Arkia. One of my most beautiful flights. A short domestic evening flight on one of their ATR props. A nice flight over the dead sea, a magnificent sunset view over Jerusalem and its beautiful buildings and a fabulous approach with a big turn over the sea into Tel Aviv.

Thanks for that nice flight, Arkia
 
4xRuv
Posts: 379
Joined: Sat Dec 06, 2003 10:05 pm

RE: Israels Second Largest Airline Sells

Fri Dec 30, 2005 6:20 am

Has anyone who flew the ISR TLV-JFK route can tell how's their service? Comparing to LY?

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