While the council ruled against the airline about its controversial foreign ownership, trade union Solidarity has threatened strike action by the carrier's pilot body.
In a drawn-out hearing and deliberation process, the Air Licensing Council ruled late yesterday that the airline's foreign ownership structure conflicts with current regulations. As it stands, foreign ownership of a domestically registered airline is limited to 25%.
In a submission to the council in May this year, its competitor, Lift, suggested that FlySafair's majority ownership lies in Ireland with shareholder ASL Aviation Holdings holding a vast majority of the issued equity in the company.
Bu hikaye The Citizen dergisinin November 02, 2024 sayısından alınmıştır.
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Bu hikaye The Citizen dergisinin November 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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