El Al Israel Airlines Ltd. (TASE: ELAL) today confirmed yesterday's report by "Globes" that it is in talks to acquire charter airline Israir Airlines and Tourism Ltd. from Nochi Dankner-controlled IDB Tourism Ltd., although El Al did not actually mention any specifics.
In a notice to the TASE, El Al said, "In line with the company's business strategy to expand its business operations… from time to time it examines various options for collaborations with aviation and tourism companies."
El Al's share price rose 0.6% by early afternoon to NIS 0.97, giving a market cap of NIS 478 million.
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