SAA, SAX and Mango could soon see the introduction of a private equity partner owning up to a 25% stake in the three airlines, Minister of Public Enterprises Lynne Brown announced during the recent Airlines Association of Southern Africa (AASA) AGA in Swakopmund.
“It will be the first time we are looking at finding a private shareholder for all three state-owned airlines,” the Minister said. To find a shareholder for the three companies, government will need to have the airlines work closer together. Although details on how the airlines would be combined have not been finalised yet, the Minister said it could either be through a merger or through a common holding company.
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