FlySafair, Southern Africa’s leading low-cost carrier, has confirmed that its shareholders have entered into a Sale and Purchase Agreement with Harith and its affiliates for the proposed acquisition of the airline, subject to the necessary regulatory approvals.
The airline stated that the development will not impact its day-to-day operations. For customers, employees and partners, FlySafair will continue to operate as usual under its existing brand, leadership and strategy, maintaining its focus on affordable fares, operational reliability and strong on-time performance.
The airline said that the proposed transaction reflects confidence in FlySafair’s disciplined operating model, committed workforce and clear strategic direction, positioning the business for long-term sustainability and growth.
FlySafair noted that a separate regulatory process concerning its ownership structure, following findings issued by the Air Services Licensing Council in early 2025, remains ongoing and subject to legal review. The airline clarified that the proposed transaction was not initiated in response to those findings and has been under discussion for an extended period. While the transaction would result in FlySafair being owned by South African investors, it does not automatically resolve matters currently under consideration by licensing authorities, who will independently assess the proposed structure in line with their statutory mandates.
Harith, which is celebrating 20 years as a long-term infrastructure investor in Africa, said the proposed investment aligns with its strategy of building an integrated transport ecosystem across the continent. The transaction is intended to support FlySafair’s existing trajectory, with an emphasis on operational excellence, affordability, reliability and enhanced connectivity, backed by patient, long-term capital.
The proposed acquisition remains subject to standard regulatory approvals, including reviews by the Competition Commission and relevant aviation authorities. FlySafair and its shareholders said they will continue to engage constructively and transparently with all authorities as the approval process progresses. Timelines for completion will depend entirely on the outcome of these regulatory reviews.
Harith added that its investment approach focuses on established businesses with proven operating models. In FlySafair, it has identified a strong brand and a disciplined, successful formula, with the intention that the airline continues under its current leadership and strategy, prioritising sustained performance, long-term value creation and stronger transport connectivity across Africa.
