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Vietravel Airlines No Longer Has Foreign Shareholders After License Update

ByAdmin

Vietravel Airlines, based in Vietnam, has had its air transport business license re-issued by the country’s Ministry of Transport, a process that has resulted in the airline no longer having any foreign shareholders. This license update signifies a shift in the airline’s ownership structure, positioning it as a fully domestic entity in Vietnam’s aviation market. The removal of foreign…

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FlySafair Faces Compliance Issue with South African Foreign Ownership Regulations

ByAdmin

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…