El Al Israel Airlines has announced it has signed a Memorandum of Understanding (MOU) to acquire rival Arkia Israel Airlines.
El Al’s board also approved the acquisition.
Arkia was founded in 1949 as Israel Inland Airlines.
Top Copyright Photo: Arkia Airlines Embraer ERJ 190-200LR (ERJ 195) 4X-EMA (msn 19000172) MUC (Gunter Mayer). Image: 956684.
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