Global Aviation Operations and its partner Syranix, the minority shareholders in the Takatso Consortium that is acquiring a 51% stake in SAA, are said to have placed a R1bn price on their start-up airline Lift for it to merge with the restructured national carrier
Tshepo Mahloele, CEO of Harith General Partners, explains the background to Novick’s resignation and outstanding issues needing resolution before SAA can be fully capitalised and operational.
Less than a week after a key member in SAA's chosen equity partner, the Takatso consortium, resigned over concerns around the deal, government has condemned what it called 'deliberate misinformation' by 'certain elements' that it says aims to scupper the transaction.