MIDDLE EAST: Private investors buy CAL Cargo Air Lines

A group of private investors have signed a recent agreement to buy the controlling interest in CAL Cargo Air Lines for NIS38 million (US$9.9 million). CAL is a cargo airline based in Tel Aviv, Israel and operates scheduled cargo flights carrying perishable goods and general cargo to Europe and the rest of the world. Its […]


A group of private investors have signed a recent agreement to buy the controlling interest in CAL Cargo Air Lines for NIS38 million (US$9.9 million). CAL is a cargo airline based in Tel Aviv, Israel and operates scheduled cargo flights carrying perishable goods and general cargo to Europe and the rest of the world. Its main base is Ben Gurion International Airport, Tel Aviv, and it has a hub at Liège Airport (Belgium). The airline carries approximately 100,000 tonnes of cargo annually, including exports of fresh agricultural produce and industrial materials, and imports of heavy machinery, automobiles, sensitive and livestock. The company owns two B747-200s, one of which has been grounded and a third, unspecified aircraft has recently been added to meet what the company said were “international and local commitments”. CAL was owned by the Plants Production and Marketing Board and various agricultural cooperatives.