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Airlink and Safair Operations have agreed not to pursue a proposed tie-up and withdrawn their joint application for a Competition Tribunal hearing that was due to consider the matter during November.
The decision to walk away from the proposed transaction was prompted by the protracted local regulatory processes and commercial considerations.
“It’s a pity we were unable to go ahead, but the window of opportunity has closed on what promised to be the creation of a robust and profitable South African airline group, comprising two distinct operations – Airlink’s Southern African regional business and the FlySafair low-cost South African domestic business,” explained Rodger Foster, Airlink CEO and Managing Director.
“While we are disappointed that the deal will no longer go ahead, we remain very positive about our business and several commercial opportunities that may exist between the two airlines that could be of great value to both our growing businesses,” commented Elmar Conradie, Safair Operations CEO.
Source: tourismupdate.co.za