Israeli flag carrier El Al is to take control of fellow Israeli airline Israir. The acquisition, which is subject to approval by the country’s antitrust authority, will use El Al charter subsidiary Sun d’Or as the vehicle through which Israir will be acquired. Israir is a privately owned package holiday company that sells accommodation as well as low-cost flights. The acquisition will allow El Al to diversify its revenue streams. Israir is currently owned by IDB Tourism, part ...

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