Arkia employees seek alternative investor to block sale
The Arkia airline workers' union has been given a three-day deadline to find a competing bid in an attempt to block the sale of the company to the Nakash brothers.
The workers' union at the airline Arkia is currently working to identify an external investor to submit a competing bid for the company. The move is aimed at blocking the deal to sell control of the airline to the Nakash brothers, which was signed recently, with the goal of securing the employees' rights and their standing within the organization.
According to reports in Globes and Calcalist, the employees have been given a deadline of only three days, until Monday afternoon, to formulate an alternative proposal and improve the acquisition terms. Further details regarding the identity of potential investors or the likelihood of the move's success have not yet been released.