Israir Group buys control of Cypriot logistics company Bird Aviation
Categories: Corporate and M&A
Tel Aviv-based Israir’s subsidiary, Israir Aviation and Tourism has bought a 25% share of Cyprus logistics company Bird Aviation from Israel-based shareholder Bird Aerosystems, a specialist in defense technology systems.
After buying 50% of Bird Aviation for €3 billion in February 2024, the company agreed to buy a further 25%.
ERM advised Israir on the acquisition, led by Nimrod Rosenblum, Michal Gazit and Noam Zimmerman.
Read more in Aviation Week.
