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Two Major Israeli Airlines in Merger Talks

Israeli airline Israir has entered into talks to acquire Arkia, one of the country’s leading carriers. The potential merger between Israel’s second- and third-largest airlines, after flag carrier El Al, could create an airline group operating a fleet of 20 aircraft, including five wide-body and 15 narrow-body jets. The acquisition initiative reportedly came from the Nakash family, Arkia’s controlling shareholders,…