51% of South African Airways sold by the government to a consortium including Private Equity.

[HS-TQE]

Source: Bloomberg

The government retains a minority stake. As they are in a similar 'basket case' situation to many others e.g Norwegian, Virgin Australia, Air Asia, et al. They will remain domestic & short haul international 'until 2023'.

South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances.

A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways, Public Enterprises Minister Pravin Gordhan said on Friday. The government will retain a minority stake.

 

[docjames]

Will be fascinating to see how they can evolve SAA to be profitable for the new owners and how much the government will (continue to) involve itself.

 

[dajop]

Source: Bloomberg

They will remain domestic & short haul international 'until 2023'.

Just like Qantas then