Rozenberg is now offering to buy shares worth $101 million for a 45% stake in the airline.

Eli Rozenberg, the only one of the three people interested in buying El Al Israel Airlines Ltd. (TASE: ELAL), who has received a permit to acquire control of the financially troubled airline, has raised his bid. Rozenberg is now offering $101 million for a controlling 45% stake in the airline, after initially bidding $75 million.


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IsraelEconomist.co.il Comments:

El Al needs a cash infusion, and a new owner.

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