Arkia employees offered just 3% stake in rival takeover bid, with Sabbath flights to end
15.11.26|Golan Hazani, Hofit Cohen Ulay
New York-based ultra-Orthodox entrepreneur Ezra Ungar is seeking control of the airline in a proposal that would sharply dilute the employees’ current 22% holding. In return, they would receive a board seat and protections against layoffs, while the airline would stop operating on Shabbat.