After losing El Al, Knafaim buys 49.9% stake in TUS Airways
After losing El Al, Knafaim buys 49.9% stake in TUS Airways Knafaim will inject $5 million into the Cypriot airline while Eastern Airlines Kenneth Woolley will inject $4 million for a 50.1% stake. After losing control of El Al Israel Airlines Ltd. (TASE: ELAL), Knafaim Holdings Ltd. (TASE: KNFM) has bought a 49.9% stake in Cypriot airline TUS Airways. Under the terms of the deal, Knafaim, controlled by Tami Mozes-Borovitz, will inject $5 million into the airline, through its Global Knafaim Leasing unit, while US businessman Kenneth Woolley will inject $4 million for a 50.1% stake. Woolley is ...
Source: globes.co.il