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Safair, which has captured 60% of the domestic air travel market and is making inroads into the region, is under investigation for contravening its licence conditions requiring a majority local shareholding.
Safair is the parent company to South Africa's low-cost passenger airline, FlySafair.
The Air Services Licensing Act, which governs SA-domiciled domestic airlines, requires that licence holders have a minimum of 75% local shareholding. The International Air Services Act governs SA-domiciled airlines that fly internationally and requires "substantial" local shareholding. This has been taken by the industry to mean at least 50%.
