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FlySafair granted licence
Thursday, 17 April 2014
The Air Services Licencing Council (ASLC) has granted FlySafair a domestic air service licence for the operation of domestic scheduled flights in South Africa.

The airline was initially blocked from starting its operations after two competitors brought an urgent application to interdict the new low-cost airline from starting its operations based on its not meeting the 75% domestic ownership requirements.

“Since then FlySafair has restructured its shareholding, getting rid of the shareholding that caused the problems and at the same time concluding the largest employee share ownership scheme in the aviation industry, effectively giving its South African employees a 25,14% stake in the company,” Dave Andrew, CEO of Safair.

“Having now received our new schedule passenger licence, we are currently evaluating our options for the re-launch of FlySafair. Dates for the launch flight and ticket sales will be announced in due course,” he said.
By : etnw
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