Flysafair has been given 12 months to comply with the ruling of domestic regulation authorities on ownership structures, and there is concern that low -cost careers may be forced to be forced to solve the problem. It is reduced.
The Ministry of Transport in South Africa, the Ministry of Transportation, established Flysafair's 75 % of the voting rights on February 5 last year, and in January, the Aviation Service License Council (ASLC) in the country (ASLC). I confirmed that I made a judgment in January. By South African citizens living in Japan.
“The council's decision was effectively given the opportunity to stay in the sky while fixing compliance issues,” says the Ministry of Transport.
In response to development, Flysafair is considering whether to coordinate shareholders or take legal measures against the ruling.
Flysafair has 25 % of Safair Holdings owned by Ireland, based in Ireland. 50 % by SafairinVESTIVETRUST and 25 % for employee stock schemes.
This issue surrounds the ownership of the trusted by ASLC in December. This does not meet the requirements for voting rights held by resident citizens. This has previously proposed a regulator that a trust owned by ASL AVIATION HOLDINGS.
South Africa's domestic and international regulatory agencies on the ownership of the Flyfaer began when other local airlines raised concerns to regulatory authorities.
The latest development is irrelevant to another survey by the South African International Area Regulatory Authority. However, the local ownership standards of international flights are lower than domestic management.
Flysafair operates a fleet of about 35 Boeing Bodies on domestic and international routes.
The South African airline market has recently been confused, passing through a prolonged privatization process that South Africa's aviation is significantly small, and carriers such as mango and comares have stopped airplanes.
