The IASC has concluded that FlySafair’s shareholding structure, particularly regarding the involvement of Irish-based ASL Aviation Holdings, is not compliant with the regulation surrounding foreign control limitations. The matter relates to the companies ownership and investment structures and remains three tiers removed from the company’s daily operations.

On the basis of senior legal support, FlySafair has argued that the company’s structure remains within the bounds of both the letter and spirit of the law, and relevant court rulings pertaining to this regulation. We affirm that our intention is, and has always been, to be complaint with prevailing regulation.

Since our most recent structural changes in 2019, FlySafair has fully cooperated with regulatory authorities to ensure that our shareholding and control mechanisms remain transparent. We have continued to serve South Africans proudly and have maintained control of our day-to-day operations locally. Our team remains firmly based in South Africa, and our primary focus is on delivering safe, reliable, and affordable service to South African customers.

FlySafair takes the IASC’s decision seriously. We await further communications from the council in the next 20 days and remain committed to remain fully compliant with South African regulations and to upholding the highest standards of governance.

FlySafair’s commitment to South Africa goes beyond regulatory compliance. We are proud to be a significant contributor to the South African economy, supporting local employment, and making air travel accessible to many who have never had the opportunity before. As a proudly South African airline, we remain dedicated to strengthening our role within the country’s aviation industry and to ensuring that our operations align with the national interest.

We acknowledge the ambiguity in this regulation which has rendered this scenario of varied interpretations of the regulations and remain prepared to work collaboratively to align with definitive legals standards.

We are confident that through open dialogue and continued cooperation, we will resolve any outstanding issues swiftly. FlySafair values the trust that our customers and stakeholders have placed in us, and we remain steadfast in our commitment to safety, transparency, and accountability.

We wish to offer our customers assurance that this decision has no immediate impact on our operations as we pursue business as usual.

We thank our loyal customers for their continued support, and we look forward to serving you with the same dedication and care you have come to expect from us.