Harith General Partners and Global Aviation to acquire a 51% stake in South African Airways.

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.