We will pay NIS 25 million to the company and we will take out a loan of NIS 130 million

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After a struggle and demonstrations by Arkia employees, against the company’s owners, the brothers Joe, Rafi and Avi Nakash – they announce the flow of funds to the company and return to activity, although no date has been set for the start of the flights.

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Arkia has been completely shut down since mid-March and all its employees in Chalat. Arkia’s controlling shareholders announced over the weekend that although they are not obligated to do so, they will inject NIS 25 million into the company and sign a NIS 130 million loan in the coming days from Bank Hapoalim and Discount Bank.

Right: Avi, Joe and Rafi Nakash, owners of Arkia Photo: Uriel Cohen

Arkia Chairman Avi Hurmero, who manages the Nakash Group’s business in Israel, said that in order to revive and reactivate Arkia, it was decided to receive the state-guaranteed loan and inject an additional amount into the company, following an investment of NIS 70 million by the Nakash brothers last year. The Nakash brothers never withdrew a dividend from Arkia, even though they were entitled to it.

According to Hurmero, “We are doing everything we can to save the company out of concern for the approximately 550 families of dedicated workers and their families, despite the severe economic crisis that hit us due to the Corona epidemic. Flights to green countries, such as Greece and Cyprus. ”
The workers’ committee responded: “Until we see that the money is flowing to the company, we will continue to demonstrate.”

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