El Al tries to take away ownership from Eli Rozenberg

September 24, 2020 1:05 pm
September 24, 2020 1:05 pmLeave your thoughts

Avigdor Klagsbald, a Lawyer for EL AL sent a letter to Transportation Minister Miri Regev, Defense Minister Benny Gantz, and Communications Minister Dudi Amsalem arguing that Eli Rozenberg, the yeshiva student is acting as a front for his father, US businessman Kenny Rozenberg. This would be a violation of the requirement that the national airline be owned by an Israeli citizen.

The letter from El Al reads: “According to the law and El Al’s regulations, control of El Al must always be in the hands of a citizen and resident of Israel. According to the information obtained by El Al, Kanfei Nesharim is a company controlled by American businessman Kenny Rozenberg, who is not a citizen or resident of Israel. In order to circumvent the legislative restrictions, the shares of Kanfei Nesharim are registered in the name of his son Mr. Eli Rozenberg, a young man who is 26 years old who lacks independent means and lacks business experience and all this is to create the false appearance as if the controlling shareholder is so to speak an Israeli resident.”

Last week Rozenberg purchased 42.9% of El Al’s stocks for $103 million. During the same sale, the state of Israel bought 14% of the stocks for $33 million.

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