Israir to launch delayed IPO amid travel boom

Bondholders sell 17% stake in Israel’s Israir for $12.9mn

19.9% stake in Israel’s Israir up for grabs

Israir sells ATR72s, invests in more Greek hotels

Israir (6H, Tel Aviv Ben Gurion) has signed a binding agreement to sell its two ATR72-500s to “an unrelated foreign airline” for a total of USD13 million, which will leave it with an all-Airbus fleet of six A320-200s, the leisure-focused carrier said in a stock exchange filing. It also disclosed the completion of an acquisition of a 25% stake in a set of five Greek hotels currently under renovation.

According to the ch-aviation fleets advanced module, the two Avions de Transport Régional turboprops, 4X-ATH (msn 931) and 4X-ATI (msn 962), are still active in the Israir fleet. ch-aviation analysis of Flightradar24 ADS-B data shows that both mainly operate the popular domestic route between Tel Aviv Ben Gurion and Eilat Ramon.

The carrier took delivery of its sixth A320, 4X-ABW (msn 2587), last month, and now “the goal is to complete the update of the fleet, so that it will consist exclusively of Airbus aircraft by the second quarter of 2023, which is a period characterised by high...

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