El Al: FIMI’s $75 Million Investment Likely to Fall Through

FIMI fund extends deadline by 45 days but airline management must sign new collective bargaining agreement with employees for deal to proceed.

Aug 29, 2013 4:27 AM

Chances are slim that local investment fund FIMI will follow through with its proposed deal to buy a 47% stake in El Al for $75 million, the Israeli airline announced Wednesday.

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