Update on public reports
On 6 November 2026, the Israeli financial newspaper Calcalist reported that the Warwar family and businessman Avi Elkayam had agreed to a preliminary framework concerning a possible investment in Arkia Airlines. The report also identified Yariv Lerner as a potential participant, subject to due diligence.
The newspaper described a proposed capital injection of tens of millions of dollars into the airline. It did not report a completed acquisition. Subsequent articles on 7 and 8 November described competing options being considered by members of the Nakash family and disagreement surrounding employee shareholdings. See Calcalist’s follow-up coverage.
Background on George Warwar
George Warwar is a businessman and entrepreneur whose public profile includes the diamond sector and investment-related activity. His business and community profile describes his involvement in real estate, hospitality and international projects. Calcalist also identified Warwar as one of the owners of the Hapoel Ramat Hasharon football club.
What the public report does—and does not—establish
The reporting concerns the Warwar family and a company jointly owned with Avi Elkayam. It should not be understood as proof that George Warwar personally signed a binding purchase agreement or that a transaction has closed. Any material change in negotiations would require a separate, verified update.
This page is an editorial summary of third-party reporting. It is not an announcement by Arkia, a statement on behalf of all investors or confirmation of an executed transaction.