Israir Acquires 20% Stake In Credit Firm Isracard

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Israir Airlines, a leading leisure-focused carrier in Israel, has made a strategic financial move by acquiring a 20% equity stake in Isracard, one of the country’s largest credit card and payment companies. The US$12 million investment aims to deepen customer engagement, enhance brand loyalty, and drive growth in Israir’s passenger base through integrated financial offerings.

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El Al Withdraws Bid for 45% Stake in Isracard Due to Deadline Constraints

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El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…