Machchhar was attacked by his co-pilot with a crash axe, typically kept in the cockpit for use in emergencies, seriously injuring him. The motive for the attack remains unclear.
The case was filed on the direction of the Home Ministry, considering the gravity of the offence and the need to unearth the larger conspiracy, the officials said.
President Isaac Herzog announced the award after Machchhar fought off an attack by his co-pilot aboard flydubai Flight 1073, helping save 172 passengers and fellow crew members.
The Indian pilot told Israeli PM Benjamin Netanyahu how he fought back after being attacked in the cockpit as the Dubai-Tel Aviv flight went into a steep descent.
The UAE has ordered a special investigation into the incident, including whether the attack was linked to “any terrorist activity or purpose” or involved prior planning or direction.