Israir Airlines and Tourism Ltd. announced it would stop flying on Saturdays, Saturdays. Four months after Rami Levy and Shalom Haim took over the airline (via BGI Investments (TASE: BGI), which the two of them control), it halts Saturday’s activities. The flights in question are on the route Eilat. From now on, he will work on Saturday nights, after Saturday is over.
Speaking to Globes after the deal was completed, Haim said, “We paid dearly, but we expect Israir to double in value.” Israel’s estimate for the needs of the business was 180 million NIS.
In an interview, Haim commented on the intention to stop Saturday flights. “In my personal belief, I am a religious Jew who observes the Sabbath, and all my businesses are closed on the Sabbath. We respect those who observe the Sabbath, and this is not my personal whim, it is the DNA of Judaism.
“From a business point of view, we are in the testing phase. We will examine the economic implications of the possibility of reducing activities on Saturdays. We want to get into a situation where there is a weekly rest day for pilots. There are many companies that do not work on Saturdays.
“The discussion about Saturday has been mostly in the media, as a result of shareholders’ worldviews, but we haven’t gone into this in detail yet. We understand trade, but we still don’t understand so much aviation. Within two to three months, we’ll become wiser in that regard.”
So, after a few months, it was decided that the airline would stop flying on Saturdays. Israir thus joins a subsidiary of El Al Sun D’Or, which also stopped Saturday flights, which were mostly charter flights.
El Al itself does not operate passenger flights on Saturdays, and when it was taken over by Eli Rosenberg, this policy was extended to the Sun D’Or.
In the past, Israir would have operated El Al-code-share flights on Saturdays as a way to circumvent the ban, but this will also stop. The only Israeli airline that operates on Saturdays today is Arkia.
Posted by Globes, business news in Israel – en.globes.co.il – April 19, 2021
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