A company in the Emirates is seeking to buy an Israeli airline


An international company, headquartered in the United Arab Emirates, has ambitions to purchase the private Israeli airline, “israir”.NY Koen said in a statement carried by Anadolu Agency, that it is “pleased to announce that it will bid for Israir, the third largest airline in Israel, in the next auction.”

This is the first time that a company in the Emirates announces its intention to acquire a company in Israel, since the signing of the agreement to normalize relations between the two countries in the middle of last month, according to Anadolu Agency.

The NY Koen Group is an international holding company, headquartered in the emirate of “Dubai”. It was founded by Ukrainian businessman Noam Quinn in 2003, and it has companies in various sectors including jewelry, diamond manufacturing, private aviation, digital technologies, construction and security.

The company says on its website that it is active in the United Arab Emirates, India, Qatar, Azerbaijan, the Czech Republic, Kuwait, Bahrain, Saudi Arabia, Ukraine, the United States of America, and Hong Kong.

The potential value of this deal, if it actually takes place, has not been announced.

However, the “Globus” economic newspaper said on Wednesday that two Israeli businessmen, Rami Levy and Shalom Haim, had offered to buy the company for 70 million Israeli shekels (23.7 million US dollars).

The company owns 7 aircraft, which is the third by size after “Al Al”, the largest company, and is owned by the state, and the private company “Arkia”.

NY Koen indicated Tuesday that it is “excited about the potential purchase of Israir and the opportunities this provides”.

“Aero Private Jet, a subsidiary of NY Koen, has a great deal of experience in business aviation and sees the purchase of Israir as an opportunity to expand its services,” she said.

“With Aero Private Jet’s years of experience and the reputation of NY Koen Group in the region, Israir is expected to gain a lot if it is successful in purchasing the company,” she added.

Israir specializes in organizing tour packages for middle-class Israelis, individuals and groups, in the Mediterranean and Europe.

Aero Private Jet has been in the business aviation industry since 2003, and the company works closely with the largest operators and owners of private jets around the world.

Israir announced last month that it was planning to start flights from Tel Aviv to Dubai and Abu Dhabi.

The NY Koen Group considered that “the purchase and investment in Israeli aviation by a company based in the United Arab Emirates, would help promote the peace agreement.”

“NY Koen Group hopes this will pave the way for future business between Israel and the UAE,” she added.

On August 13, the UAE and Israel reached an agreement to normalize relations between them, which was signed on September 15 in Washington.

The agreement was met with widespread Palestinian condemnation, as the Palestinian factions and leadership considered it a “betrayal” by the UAE and a stab in the back of the Palestinian people.

The Palestinian leadership rejects any normalization of relations between Israel and the Arab countries, before ending the Israeli occupation of the occupied territories in 1967.


Please enter your comment!
Please enter your name here