SKY Israel Airlines Ltd.
Full Name: Shamayim Kavei Avir L'Yisrael
Founded: September, 1999
IPO: March, 2000
Independence: August, 2000
Management: Avi Mayer, President and CEO
Michael Strongin, Webmaster
Shai Gill, Vice President and COO
SKY Israel Airlines was founded in September 1999 as a fully-owned subsidiary of then-newly-opened Formal Airlines.
Services began in January 2000 when two aircraft leased from Arkia started charter services from Sde Dov Airport in Tel Aviv to Eilat and Ovda on SKY Israel's behalf.
In March 2000 the airline issued its IPO of 5,000,000 shares on the Virtual Aviation Stock Exchange.
On August 20, 2000 the Executive Board of Formal Airlines voted unanimously to make SKY Israel independent, and to incorporate it as a new airline.
© 2000-2001 - SKY Israel Airlines