BALKAN RESCUE
The Zeevi Group, an Israeli investment company, and Knafaim-Arkia, which owns Arkia Israeli Airlines, have agreed to acquire a 75% stake in debt-laden Balkan Bulgarian Airlines for $150,000. As part of the deal, the two companies will invest $100 million over the next five years to renew the carrier...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.