Vietnam Airlines has reported a consolidated profit exceeding $191 million for the first half of fiscal year 2025, signaling a strong operational recovery. The airline now plans a two-phase capital increase strategy aimed at reducing state ownership and reinforcing its financial base to support future growth.
FlySafair, a South African low-cost carrier, has filed an urgent application to interdict a recent ruling that places its international operations at risk. The ruling found that FlySafair’s shareholding structure violates South Africa’s foreign ownership regulations, which mandate limits on the percentage of foreign control in local airlines. This regulatory dispute could impact FlySafair’s ability to operate its growing network of…
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…
