The investors who located the workers joined the Nakash group: the battle over Arkia is getting complicated
Arkia's workers' corporation claims that Yariv Lerner, who had advanced with them to a memorandum of understanding, joined the Nakash brothers' investor group without updating them. The workers have two days left to find an alternative investor who can step into the deal, against the backdrop of an agreement to inject $45 million into Arkia and a struggle over the future of the workers' holdings.
The battle over the future of the airline Arkia is getting complicated: the workers' corporation Toot claims that Yariv Lerner, who had advanced with them to a memorandum of understanding, joined the Nakash brothers' investor group without updating them. In an update sent by the Toot board to the workers, it was alleged that the group recruited by the corporation, which included Lerner, Avi Elkayam, and George Voror, exchanged advanced draft agreements with the Nakash group, but on the eve of the last board meeting it became clear that Lerner had joined another group on behalf of Nakash. Now the workers have only two days left to find an alternative investor on identical terms. This is against the backdrop of a deal to inject $45 million into Arkia, including $30 million from the buyers, $8.5 million from the Nakash brothers, and $7.8 million from the state. After the deal, the Nakash brothers will hold 3% of the company's shares, while the workers currently hold 22%.