Although there have been many rumours, a well-placed source has hinted low-cost airline newcomer Lift is mooted to be it. Lift accesses its fleet from Global Aviation, with a ready-to-roll narrow and wide body Airbus fleet of 10 aircraft. The deal is still subject to a due diligence process.
The deal is still subject to a due diligence process. Jonathan Rosenzweig, chair of Global Aviation, declined to comment and a representative of Harith Investments, a shareholder in Lanseria International Airport, also declined to comment, adding that he “knows nothing about it”’ and then hanging up., independently, that Global/Lift were the likely suitors, one noting that he was aware “of conversations between public enterprises and Global/Lift stretching as far back as six months ago”.
“It will certainly get SAA back into the air, but this is not a strategic equity partnership. Lift is only a few months old and has zero experience in mainline aviation, geopolitics and other complexities that surround a flag carrier.” “If the additional funding comes from Harith, it will be a pity as it may be just a further application of government funds. However, Harith has made a success of its Lanseria Airport investment. The big question, though, is how Global and Harith will limit political interference.”In addition, a joint venture between Qatar Airways and Emirates was listed as another possible strategic equity partner. This will see government retaining a minority stake in the business.
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Never going to happen - we cannot keep the lights on but the comrades want to fiddle with an airline - can one of the ANC comrades help us here ?
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