FlySafair under siege

mylesillidge

mylesillidge

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Biggest airline in South Africa under siege

South Africa’s largest domestic airline, FlySafair, finds itself in increasingly hot water regarding its shareholding structure which has been deemed non-compliant with local regulations.

The airline has clarified that this only affects its international flights as domestic operations occur under a separate licence.
 
"Aviation expert Phutego Mojapele said that he is shocked FlySafair has not tried to rectify its shareholding structure in the past few years"

Why should he be shocked that they didn't give away a majority stake for mahala? Who in their right mind would? Did he drunk write that?

Theft is theft, by gunpoint or by legislation doesn't make it different.
 
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Picked up my SO from the airport last weekend. All the Safair flights (including hers) were on time/early.

The only 3 SAA flights were all delayed; one by 8h *facepalm*

I would not be surprised if SAA is behind all this.....
 
Was the ANC not trying to get foreign investors to buy into SAA not too long ago?
 
Pax said:
A matter of 'if you can't beat the competition, complain and try disrupt them"?
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No, a case of 'it's difficult to compete with someone who's not following the rules, when you have to follow them'.
 
bixt said:
"Aviation expert Phutego Mojapele said that he is shocked FlySafair has not tried to rectify its shareholding structure in the past few years"

Why should he be shocked that they didn't give away a majority stake for mahala? Who in their right mind would? Did he drunk write that?

Theft is theft, by gunpoint or by legislation doesn't make it different.
Click to expand...
They're not being asked to give away a majority stake for mahala, they're being asked to adhere to a law they knew when they set up. They can sell the stake to a local company, or find another way to regularise their position.

I have no sympathy for Flysafair in this matter, they knew the rules and set out to circumvent them. It doesn't matter whether you agree with the law or not, you should still adhere to it (and challenge it in court if you don't agree). You can't just do your own thing and ignore the law.
 
bixt said:
"Aviation expert Phutego Mojapele said that he is shocked FlySafair has not tried to rectify its shareholding structure in the past few years"

Why should he be shocked that they didn't give away a majority stake for mahala? Who in their right mind would? Did he drunk write that?

Theft is theft, by gunpoint or by legislation doesn't make it different.
Click to expand...

Why would you expect that they should give away anything for free?

Qatar Airways recently acquired a stake in Airlink and were limited to 25%, why should Safair, as good as they may be, be exempt from the ownership rules that other local airlines are expected to follow?
 
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Ϲhristopher said:
Why would you expect that they should give away anything for free?

Qatar Airways recently acquired a stake in Airlink and were limited to 25%, why should Safair, as good as they may be, be exempt from the ownership rules that other local airlines are expected to follow?
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Because there is nothing to "rectify" - what they want rectified is adding people of certain races to the shareholding for free and people who have 0 experience in the airline industry and/or their aunts, cousins etc.
 
neoprema said:
Because there is nothing to "rectify" - what they want rectified is adding people of certain races to the shareholding for free and people who have 0 experience in the airline industry and/or their aunts, cousins etc.
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The International Air Services Act 60 of 1993 simply states the following:

Screenshot_20241117_235156_Drive.jpg

There is no mention of any race, BEE etc requirements.

The wording is, however, slightly ambiguous. The Domestic Air Services Licensing Act clearly specifies a 75% local ownership requirement.
 
Ϲhristopher said:
Why would you expect that they should give away anything for free?
Click to expand...

To right the wrongs of the past thou shall give for free what you built with your own brain, sweat and intelligence

Which country you from chief?
 
And the ANC wonders why not only are people not willing to invest in this dust bowl, but also why local South Africans are also registering their companies outside the country. The local laws are not conducive to running any sort of successful enterprise EVER.
 
Safair back in the news again getting attacked by government.

It’s amazing how in a country with high unemployment, lack of housing, lack of food, broken water infrastructure, collapsing roads etc - the govt has so much time in making sure there’s freebie shares given to them by Safair or they’re willing also risk disrupting the travel sector too.

Pillage. Destroy.
 
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Did they find out who her Daddy is yet?
 
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