US EditionNews24 Business | 'Catastrophic': Domestic licensing authority confirms FlySafair contravened ownership laws
- The Air Services Licensing Council ruled that FlySafair contravened ownership laws, jeopardizing its operations and impacting South Africa's aviation industry significantly.
- The ASLC's ruling questions the compliance of many airlines with the Air Services Licensing Act, especially regarding the requirement that 75% of voting rights must be held by residents.
- FlySafair is seeking a declaratory order from the courts to clarify the ownership structure requirements, despite the council opposing this legal action.
- The ruling could disrupt the operations of numerous airlines, leading to potential job losses and economic damage to the aviation and tourism sectors, according to Kirby Gordon, Chief Marketing Officer at FlySafair.
10 Articles
10 Articles
FlySafair ownership ruling has dire consequences for SA airlines
A ruling against FlySafair, by the Air Services Licensing Council (ASLC), in a case concerning its ownership structure has serious consequences for South Africa’s aviation industry. The ruling jeopardises the operations of other major airlines, potentially causing significant disruptions for travellers. AIRLINE OWNERSHIP REQUIREMENTS The Council has issued a ruling that calls into question the compliance of numerous airlines with the Air Service…
News24 Business | 'Catastrophic': Domestic licensing authority confirms FlySafair contravened ownership laws
SA's domestic aviation licensing authority has reaffirmed that the foreign ownership structure of FlySafair is non-compliant with local laws, the airline confirmed on Tuesday.
FlySafair faces sanctions over foreign ownership breaches
South African low-cost airline FlySafair could be stripped of some of its most lucrative routes after regulators found that the carrier had violated rules pertaining to foreign ownership thresholds. Authorities in the country insist that 75% of voting rights in any air services licensees (airlines) are owned by South African residents and that the licensee must, in effect, be in control of the airline, its finances, and its operations. The actio…
FlySafair wants minister to intervene in ownership crisis
FlySafair (FA, Johannesburg O.R. Tambo) has urgently called on Barbara Creecy, South Africa's transport minister, to intervene in regulatory proceedings that have found the airline falling foul of the country's foreign ownership restrictions. The airline argues that civil aviation regulators' interpretation of the law is flawed and, if applied, would render nearly every airline in the country non-compliant, potentially resulting in widespread su…
Coverage Details
Bias Distribution
- 75% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
