FlySafair's international operations are under threat after the International Air Services Council (IASC) ruled that the airline's shareholding structure violates foreign-ownership limitations in licensing regulations."The IASC has concluded that FlySafair's shareholding structure, particularly regarding the involvement of Irish-based ASL Aviation Holdings, is not compliant with the regulation surrounding foreign control limitations," said Safair in a statement after the ruling on 1 November.A 2019 deal by ASL to acquire an effective 74.86% ownership stake in Safair, the parent company of low-cost airline FlySafair, is the source of the regulatory issues. Thabiso Tema spoke with Phuthego Mojapele, Aviation Analyst. 

FlySafair's international operations are under threat after the International Air Services Council (IASC) ruled that the airline's shareholding structure violates foreign-ownership limitations in licensing regulations."The IASC has concluded that FlySafair's shareholding structure, particularly regarding the involvement of Irish-based ASL Aviation Holdings, is not compliant with the regulation surrounding foreign control limitations," said Safair in a statement after the ruling on 1 November.A 2019 deal by ASL to acquire an effective 74.86% ownership stake in Safair, the parent company of low-cost airline FlySafair, is the source of the regulatory issues. Thabiso Tema spoke with Phuthego Mojapele, Aviation Analyst.

POWER Breakfast is a fast paced three-hour news and current affairs show, alternating between the latest breaking news, political coverage, analysis, sport, market reports, weather and all your calls. Whether you’re in business, the public service or just want to stay informed, tune in as Thabiso TT Tema connects you to your world.

POWER Breakfast is a fast paced three-hour news and current affairs show, alternating between the latest breaking news, political coverage, analysis, sport, market reports, weather and all your calls. Whether you&rsquo;re in business, the public service or just want to stay informed, tune in as Thabiso TT Tema connects you to your world.

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