Flysafair Can Continue To Fly In Sa, Gets A Year To Sort Out Its Ownership

FlySafair says South Africa's domestic aviation licensing authority has given it 12 months to reduce its foreign shareholding.

In the meantime, the airline said the Air Services Licensing Council ASLC, which falls under the Department of Transport, would allow it to fly its current routes in South Africa without interruption.

Led by LIFT, FlySafair's competitors objected to a 2019 deal by its Irish parent company to buy an effective 75 ownership stake in Safair, the parent company of FlySafair.

Foreign shareholders are not allowed to hold more than 25 of local airlines.

FlySafair SA's biggest airline argued that its voting rights structure is still fully compliant with local laws.