Knafaim expects the leasing unit to generate US$173 million in the next four years from leasing after the acquisitions are completed.
Knafaim Holdings Ltd. controlling shareholder of El Al Israel Airlines Ltd said in a statement to the Tel Aviv stock exchange last week that its unit Global Knafaim Leasing agreed to buy two Airbus SAS A320 jets and one Boeing Co. 737-800 airplane for an estimated US$80 million.
Global Knafaim Leasing Ltd. operates as an aircraft leasing company offering leasing services to aviation sector.
The company was incorporated in 2002 and is based in Israel.
Knafaim expects the unit to generate US$173 million in the next four years from leasing after the acquisitions are completed.
