Private equity firm Harith General Partners has secured antitrust approval from South Africa's Competition Commission to acquire budget airline FlySafair.
The regulator's decision clears a significant legal obstacle, allowing the transaction to proceed toward finalization.
The acquisition targets FlySafair, which controls more than 60% of domestic seat capacity in South Africa.
The acquisition targets FlySafair, which controls more than 60% of domestic seat capacity in South Africa.
The deal is structured to help the carrier address ongoing regulatory pressure regarding local ownership rules, a persistent compliance challenge for the airline.
By bringing Harith on board, the transaction aims to satisfy these statutory requirements while consolidating market position.
This development follows earlier reporting that the Competition Commission had recommended the deal for approval, signaling a favorable regulatory stance.