Overview
- Harith General Partners and affiliates signed a sale and purchase agreement to acquire 100% of FlySafair, and ASL Aviation confirmed it has sold its stake, with financial terms undisclosed.
- Completion depends on approvals from the Competition Commission and aviation authorities, and the parties say timing will be set by those processes.
- FlySafair says operations continue as a going concern under the existing brand, leadership and strategy with no immediate changes planned.
- Regulatory pressure mounted after a 2024 finding that ASL effectively controlled 74.86% of the airline, with a 2025 court interdict keeping licences in place during judicial review.
- Commentators question competition and state influence given Harith’s ties to the PIC and airport holdings such as Lanseria, while FlySafair says the PIC is not an investor in the acquiring vehicle.