Rami Levy expected to buy Israir - report

• Author: ZEV STUB
• Date: 29 December 2020
• Published date: 29 December 2020
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

Levy's bid of NIS 162 million for 51% of Israel's third-largest airline is seen as the best of three bids that have been made for the company. The current owner, IDB Development, has been trying to sell Israir for two years.

Rami Levy's supermarket chain brings huge potential for synergetic revenues. Among the plans discussed are to allow Rami Levy loyalty club customers to use points towards Israir flights, to offer products in duty-free, and more, the report noted.

In October, Rami Levy made a low NIS 70m. bid for the airline, but he later raised it in line with other competing offers.

Besides Rami Levy, the other bidders were...