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
Global Airways, one of the partners of the Takatso Consortium, which has been chosen by the DPE as strategic equity partner for SAA, has applied to have one of its own subsidiaries placed in business rescue.
South African Government selects preferred strategic equity partner for South African Airways centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.
Few airline markets have been as challenging as South Africa, even before the Covid crisis hit. Yet the tough climate did not deter South African carrier Lift from joining the fray in December last year. Indeed, in many ways, it helped its entry.