Why so much turbulence for Arkia?
Israel's second-largest airline has hit some rough financial skies, and adding to the bumps is a power struggle between management, and employees who accuse them of cronyism.
What's happening to Arkia, Israel's second-biggest airline? While the entire global aviation industry is in difficulty because of the global economic crisis and high fuel costs, Arkia seems to have unique problems of its own. Its workers may own 30% of the airline but feel left out of the decision-making process, and claim the majority owners are making self-serving decisions.