The Israeli business, which centres on leisure provider Israir, says its board authorized the offer on 7 February.
As an outcome it will share the ownership of Bird Aviation with Bird Aerosystems.
Bird Aviation concentrates on base and line upkeep of Airbus A320s, the main enter Israir’s operation following its withdrawal of its ATR turboprops.
Israir Group says it will pay €3 million ($3.2 million) for the shareholding and offer an additional infusion of €5.1 million as a loan.
Bird Aviation will utilize the earnings to settle an existing loan to Bird Aerosystems.
The upkeep business holds a variety of licences consisting of Israeli and European Union Aviation Safety Agency Part-145 authorisation.
Bird Aviation’s activities likewise consist of engine maintenance, airplane adjustment and reconfiguration.