Takatso takeover of SAA gets the green light from competition commission iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between Takatso and South African Airways with conditions
The Competition Commission has given the go ahead for the merger between State-owned South African Airways (SAA) and newly incorporated Takatso Aviation, but said Global Aviation Operations – the owner and operator of domestic passenger airline Lift – must completely exit the consortium before the deal’s implementation.
Syranix, which is the owner of the Lift trademark, would also have to leave Takatso, the Competition Commission said on Friday.
The Competition Commission announced the recommendation on Friday, saying the merger should be approved on condition that some of the company s shareholders are removed from the company.