Israeli businessman Rami Levy is in talks to acquire Arkia Airlines through his company Israir, according to Channel 12

Arkia is reportedly facing a financial crisis, with estimated losses of $40 million since the beginning of 2026 and growing tensions with employees. Representatives of both airlines have already held an initial meeting, with further talks scheduled. Israir confirmed it was approached about a possible acquisition but stressed that no deal has been reached. Any merger would require regulatory approval and could significantly impact competition and ticket prices in Israel.