After bankrolling son's purchase of El Al, Kenny Rozenberg makes move to take over - Business
Follow Mar. 13, 2021 Israeli media outlets reported last week that billionaire U.S. businessman Kenny Rozenberg, whose son Eli Rozenberg acquired a controlling share in Israel’s flagship carrier El Al last year, has immigrated to Israel. While Rozenberg Sr. may have acted on an uncontrollable Zionist impulse, it’s thought to be more likely that he made the move in order to qualify for a control permit for El Al and closely monitor the company. After all, Rozenberg has spent $155 million to date to bail out the financially troubled airline, but the coronavirus pandemic that brought it to i...
Source: haaretz.com