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Tus Airways' ownership split three ways after investment transaction flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.
Cypriot Airline TUS Is Back With A New Hybrid Operating Model simpleflying.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from simpleflying.com Daily Mail and Mail on Sunday newspapers.
Reuters 1 minute read Israel s Global Knafaim (GKL.TA) said on Thursday it bought a 49.9% stake in the small Cypriot airline Tus Airways with a $5 million investment. Global Knafaim is a unit of Knafaim Holdings (KNFM.TA), which lost a controlling stake in Israel s flag carrier El Al last year when the airline applied for a government bailout. Tus Airways has two Airbus A320 aircraft and will begin flying in Europe this summer and is considering buying Airbus A330 planes suitable for longer flights, Global Knafaim said. It said that a previous investor, U.S. businessman Kenneth Woolley, who owns the small, rebranded Eastern Airlines, will inject $4 million and control a 50.1% stake. ....
Israel's Global Knafaim buys 49.9% stake in Cyprus' Tus Airways reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.