Israel Borovich

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Israel Borovich was Chairman of the Board of El Al Israel Airlines Ltd. (2005-2008), and President and CEO, Knafaim – Arkia Holdings Ltd (1993 - 2006).[1]

In 2005, considered selling his stake in Knafaim-Arkia Holdings to Poju Zabludowicz, who was building up his stake in the company in an apparent failed takeover bid. In 2008, Borovich said of Zabludowicz, "His name and connections open doors for us in Britain and the United States, and improves our image among the analysts."[2]

Borovich resigned from the board of El Al in 2011, after the Israel Securities Authority criticised exessive bonuses awarded to CEO Haim Romano.[3]




  1. 1.0 1.1 Israel Borovich, 3rd European Forum for Innovation 2012, accessed 13 March 2013.
  2. 2.0 2.1 Want some jets? Izzy Borovich open to offers for El Al Airlines, Haaretz, 27 March 2008.
  3. Koby Yeshayahou, Major El Al shareholder forced out over bonuses, Globes, 3 March 2011.