The below article in the "Globes" journal states that FIMI recently completed its due diligence study and has decided to proceed with a $10 million investment in EL AL. Whether they invest a further $20 million in order to obtain a 42% controlling share depends on a collective labor agreement being reached by August.

The article can be found here: http://www.globes.co.il/serveen/glob...34636&fid=1725

I was under the impression hedge funds/venture capital firms like FIMI invest in industries that have a high rate of return as oppose to low yielding such as the airline one.