Source: Engineering News

FlySafair: Safair given 12 months to rework its ownership structure

The Department of Transport has confirmed that the Domestic Air Services Council has directed privately owned low-cost airline Safair to comply with the requirements of the Air Services Licensing Act within 12 months of January 23, effectively giving the airline an opportunity to remain in the skies while fixing its compliance matters. The sanction was handed down at a Domestic Air Services Council meeting held on January 23, following the council's decision taken on the December 19 last year that Safair had failed to meet the requirement that 75% of voting rights must be held by South African citizens who are also residents of the country.

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Est. Annual Revenue
$500M-1.0B
Est. Employees
1.0-5.0K
Elmar Conradie's photo - CEO of FlySafair

CEO

Elmar Conradie

CEO Approval Rating

90/100