Palestine Airways (also: Palestine Air Transport) was an airline founded by Zionist Pinhas Rutenberg, in British Mandatory Palestine in conjunction with the Histadrut and the Jewish Agency. In 1937 the airline was taken over by British Government's Air Ministry, with the intention of it eventually being transferred back into private hands. It operated from July 1937 until August 1940, under the aegis of the British corporation Imperial Airways.

Source: Wikipedia