FlySafair Faces Compliance Issue with South African Foreign Ownership Regulations

FlySafair, a low-cost airline based in South Africa, is currently under scrutiny from the International Air Services Council (IASC) for non-compliance with local regulations regarding foreign ownership. According to the IASC, FlySafair’s current ownership structure does not align with South Africa’s regulatory limits on foreign ownership for domestic airlines. This compliance issue poses a potential risk to the airline’s operating license, which could impact its ability to continue offering flights within South Africa.