Arkia CEO Confirms Controlling Shareholders Are Advancing Sale Talks
Arkia CEO Oz Berlovitz confirmed that controlling shareholders are negotiating a sale of the airline. Israir previously acknowledged exploring a potential acquisition.
Arkia Israeli Airlines CEO Oz Berlovitz confirmed in an official letter to employees that the company's controlling shareholders are advancing talks to sell their stakes. The announcement follows recent media reports regarding the airline's future.
"I know that recent reports about Arkia's future raise questions and concerns, and it is important for you to hear from me directly," Berlovitz wrote to the staff. He noted that while discussions are underway with potential investors, operations continue as usual, emphasizing the airline's growth potential and proven capabilities.
Berlovitz promised full transparency to the workforce, acknowledging that management's responsibility is to maintain an open and respectful dialogue with employee representatives. Meanwhile, Israir Airlines previously confirmed it was approached regarding a potential acquisition of Arkia, though noting there is no certainty the talks will mature into a deal.
Arkia stressed that the sale process is handled entirely by the shareholders and remains outside the management's daily focus, which is centered on routine operations and customer service. As a private company, Arkia does not disclose its financial data, urging caution regarding unofficial estimates.
