El Al Announces Resumption Of Flights Following Rozenberg’s Purchase Of 42.9% Of The Co.
September 18, 2020
El Al announced on Thursday that it is resuming passenger flights from October 1 and cargo flights from September 21, Army Radio reported. Yeshivah student Eli Rozenberg, 27, acquired 42.89% of El Al with a $150 million offering at the company’s public offering on Wednesday through his newly formed Kanfei Nesharim company, replacing Tami Moses-Borovitz as the main shareholder through her family’s company Knafaim Holdings Ltd. The Israeli government bought $30 million worth of shares and will have a 12%-15% stake in the company. READ MORE