South Africa’s aviation industry is preparing for a major ownership change after the Competition Tribunal approved Harith Aviation Consortium’s proposed acquisition of a 100% stake in FlySafair, the country’s leading low-cost airline.

The approval, announced on October 29, 2026, represents a significant milestone in a transaction reportedly valued at approximately R7 billion. The acquisition is expected to strengthen Harith’s position in the country’s transportation and infrastructure sectors.

Harith, an investment group focused on infrastructure development across Africa, plans to use the acquisition to expand its presence in the aviation industry. The company already has investments in transportation-related businesses, including Lanseria International Airport and railway operations.

The deal, however, comes with specific regulatory conditions. Since Harith also holds an approximately 37% interest in Lanseria International Airport, authorities have introduced safeguards designed to protect competition among airlines.

Under the conditions, the companies must avoid sharing commercially sensitive information and ensure that competing airlines receive fair and non-discriminatory access to airport-related services and facilities.

The agreement also includes employment protections. Employees cannot be retrenched solely because of the merger for three years following its completion.

FlySafair has built a strong position in South Africa’s domestic aviation market through its affordable fares, extensive route network and low-cost operating model. The airline has become an important player in connecting major cities and supporting the country’s tourism industry.

Despite the ownership transition, passengers are not expected to experience immediate operational changes. FlySafair is expected to continue operating under its existing management team, brand identity and business model.

The acquisition also carries broader significance for South Africa’s aviation sector. The country’s airline ownership regulations require domestic carriers to maintain at least 75% local ownership, making ownership structures an important regulatory consideration.

For Harith, the investment offers an opportunity to combine airline operations with its existing infrastructure interests. Greater coordination across aviation, airports and other transportation services could create opportunities for long-term expansion.

However, the transaction is not yet fully completed. The parties must satisfy the remaining regulatory approvals and other conditions before the acquisition can be formally concluded. Completion is currently expected in late 2026.

The deal could mark a new chapter for FlySafair while strengthening Harith’s ambitions to develop a broader transportation network across Africa.