Global Aviation, the operator of LIFT airlines, has agreed to leave Takatso consortium before it possibly takes over a majority stake in SA Airways.
The commission said in a statement it found that if the merger went ahead with Global Aviation and Syranix - which co-owns the LIFT trademark, as minority shareholders of Takatso - the SAA deal would decrease competition in the domestic passenger airlines market. "To remedy this concern, the commission and the parties have now agreed to a divestiture condition in terms of which Global Aviation and Syranix will completely divest from Takatso prior to the merger’s implementation."
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