Supermarket magnate Rami Levy and fellow businessman Shalom Haim acquired struggling local carrier Israir Airlines and Tourism on Wednesday, for 75 million shekels ($23 million).
The bid was chosen by IDB Development trustee Ophir Naor, who has asked the court to approve the deal.
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Israir made history earlier this week, becoming the first Israeli carrier to fly to the United Arab Emirates through Saudi Arabia. This cut the flight time by half.
