FlySafair faces a year to meet South Africa's local ownership rules or lose its license.

South Africa's leading budget airline, FlySafair, has been given one year to comply with local ownership laws or risk losing its license. The airline must ensure that 75% of its voting rights are held by South African individuals, currently controlled by trusts and companies. FlySafair will continue operating normally and must submit a compliance plan and monthly updates. This ruling could impact other airlines with similar structures and highlights ongoing challenges in South Africa's aviation sector.

2 months ago
11 Articles