Israir weighs takeover of debt-ridden local rival airline Arkia
What the source said
“Israir weighs takeover of debt-ridden local rival airline Arkia”
A merger, if advanced, would create a counterweight to flag carrier El Al, but would require Israir to absorb mounting debt, clear antitrust hurdles and resolve worker unrest
Read at The Times of IsraelReported by one source so far. It is confirmed when a second, independent source reports the same thing.