In a significant move poised to change the aviation landscape in Africa, low-cost carrier FlySafair has been acquired by pan-African infrastructure investor Harith General Partners.
This acquisition, announced on Tuesday, positions FlySafair on the threshold of expansive growth opportunities across the continent, particularly in the wake of the African Continental Free Trade Area (AfCFTA), as well as fostering deeper commercial ties with Europe.
As FlySafair navigates the crucial stages of securing further regulatory clearance from aviation authorities regarding its foreign ownership structure, which has garnered attention from the Air Services Licensing Council, the airline faces a formidable deadline of 29 March set by the licensing bodies.
Despite the pressures of compliance, FlySafair maintains that the acquisition was not a direct response to regulatory findings concerning its foreign ownership, according to Business Report. The airline has emphasised that the deal’s ramifications will not influence the ongoing assessments by regulatory authorities, who are mandated to evaluate the proposed ownership structure independently.
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