Getting that permit was a precondition for coming to an actual agreement with El Al to buy the airline.
Eli Rozenberg is the twenty-something Israeli son of Kenny Rozenberg, US owner of Centers Heath Care nursing homes. Israel’s golden share of El Al requires that the owner of El Al be Israeli, so the offer had to come from Eli.
Whether El Al will sell is another story. The controlling Borovitz family seems to have no intention of doing so.
The Borovitz plan sure seems to have been to take government funds with the assumption that there would be no buyers, and then find a way to maintain control.
The emergence of a serious buyer threw a monkey wrench into those plans. I’m not surprised that they’re avoiding the would be buyers, but they’re going to be between a rock and a hard place if they think they’ll be able to avoid selling the airline and still get government bailout funding.
With the average El Al pilot making $334,000 per year and with some El Al pilots making as much as $562,000 per year, it’s not surprising that the company is in financial trouble and has been avoiding issuing refunds to customers with cancelled flights.
The fastest way to become a millionaire is to start as a billionaire and buy an airline. If the offer is accepted I wish the Rozenbergs the best of luck. They’re going to need it to turn that ship around!