Announced
Financials
Tags
airlines
Private Equity
South Africa
Pending
Majority
Domestic
Airlines
Acquisition
airlines operator
Friendly
Private
Synopsis
Private equity firm Harith General Partners and aviation group Global Aviation agreed to acquire a 51% stake in South African Airways, the flagship carrier of South Africa. Financial terms were not disclosed. “The partnership represents a robust, exciting South African-bred solution. Harith, as owners of Lanseria International Airport, has significant experience in the transport infrastructure and aviation sectors. We have deployed more than a $1bn into a portfolio of critical infrastructure assets across the African continent that support regional economies. Global’s operating model is unique, highly efficient and fit for purpose for a newly launched airline. The Consortium has empowerment at its heart and a unique blend of skills and experience,” Tshepo Mahloele, Harith Co-Founder. On September 1, 2021, The consortium is closing in on completing due diligence.
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