Tag Archives: Jordache Enterprises

Arkia goes with Airbus again, signs MOU for up to four A330-900neo aircraft

Arkia A330-900neo (99)(Flt)(Airbus)(LRW)

Arkia Israeli Airlines (Tel Aviv) has signed a Memorandum of Understanding (MOU) with Airbus for up to four A330-900neo aircraft. The commitment makes Arkia the first Airbus widebody customer in Israel and the first customer for the type in the region.

Arkia’s A330-900neo will join the four A321neo aircraft ordered at the Farnborough International Airshow in 2012.

Arkia is majority owned by the Nakash brothers and Jordache Enterprise. Nakash Holdings is the private investment arm of Jordache Enterprises (from the Jordache jeans fame). The company manages a multibillion-dollar investment portfolio including MG Aviation in Hong Kong, U.S. Polo Association, retail, agriculture, transportation, manufacturing, hotels and real estate located in prime locations throughout the world. The real estate portfolio consists of retail, office, multifamily and hospitality properties. Among the group’s recent acquisitions are the Versace Mansion and the famous Art Deco Setai Miami Beach.

Image: Airbus.

Arkia aircraft slide show: AG Airline Slide Show

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MG Aviation orders two additional Boeing 787-9 Dreamliners

BCA Customer Meeting, MG Aviation, Farnborough Air Show 2014

Boeing (Chicago and Seattle) and MG Aviation Limited (Tel Aviv) today finalized an order for two additional 787-9 Dreamliners, valued at $499 million at current list prices. The order will support the leasing company’s growing fleet of modern airplanes.

MG Aviation previously placed an order for two 787-9s in 2006 and now has four unfilled 787-9s orders.

MG Aviation is part of Jordache Enterprises, the Nakash family’s global conglomerate that also operates Arkia Israeli Airlines, serving domestic and European destinations from its base in Tel Aviv.

Image: Boeing. Pictured from left: Ralph Nakash, President, MG Aviation, Ray Conner, president and CEO, Boeing Commercial Airplanes and Joe Nakash, Chairman, MG Aviation.