Control of Israel's El Al Airlines Bought By 27-Year-Old Student
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September 19, 2020 - by Steven Scheer for reuters.com
JERUSALEM (Reuters) - A 27-year-old U.S.-born yeshiva student has secured control of El Al Israel Airlines ELAL.TA following a public share offering that was a government condition for the carrier to receive a 75% state-backed $250 million loan.
Eli Rozenberg's newly created Kanfei Nesharim Aviation bought $107 million of shares that would give him a nearly 43% stake in Israel's flag carrier, his spokesman said Thursday.
Rozenberg, who resides in Israel, is the son of Kenny Rozenberg, chief executive of New York-based nursing home chain Centers Health Care.
The government bought a 15% stake for $34 million while...
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