EL AL and EL AL Frequent Flyer Club’s Financing Round

Gornitzky represented Phoenix Group in the deal.

Phoenix Group in a transformational $130 million debt financing for Israel’s national airline EL AL and spin-off of the EL AL Frequent Flyer Club.

The Gornitzky team was led by head of Banking and Finance Eli Elya (Picture) partners Ori Yitzhak (M&A) and Assaf Harel (Data Protection and Privacy), associates Eli Louz and Oleg Zavurov (banking), Avital Haitovich (Data Protection), Lee Alter Kizis (Labor law) and Itamar Ben Yehuda (Capital Markets).

Involved fees earner: Lee Alter Kizis – Gornitzky & Co.; Itamar Ben Yehuda – Gornitzky & Co.; Eli Elya – Gornitzky & Co.; Avital Haitovich – Gornitzky & Co.; Assaf Harel – Gornitzky & Co.; Eli Louz – Gornitzky & Co.; Ori Yitzhak – Gornitzky & Co.; Oleg Zavurov – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Phoenix Group;