South African Airways. Credit: Wikipedia/Aero Icarus South Africa Pulls the Plug on Sale of National Airline to Private Equity-Led Consortium
The government said the parties could not agree on revised terms after re-evaluation of the airline's assets and business following the COVID-19 pandemic.
March 19, 2024 at 05:29 PM
2 minute read
The South African government has canceled the sale of its national airline to a private equity-led consortium of investors, citing failure to agree on terms after three years of negotiations and despite approval from the country's competition regulator.
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