Levitov previously beat cancer six times before succumbing to the disease on Friday morning.
73-year-old Levitov, considered a legendary pilot in the 69 "Hammers" squadron, was captured by the Egyptian military during the War of Attrition on July 5, 1970 with nine other Israeli POWs after his aircraft was shot down.
Following three years of physical torture, he was released in 1973 as part of a prisoner exchange deal in the ceasefire talks between Israel and Egypt following the Yom Kippur War.
After his return from captivity, he resumed his IDF service and fought in the First Lebanon War in 1982.
"It's a story people can connect to," Levitov once said to N12. "After I returned from captivity in Egypt, I resumed my service because I still wanted to pilot aircrafts. My story touched the hearts of many."