South African low-cost airline FlySafair could be stripped of some of its most lucrative routes after regulators found that the carrier had violated rules pertaining to foreign ownership thresholds. Authorities in the country insist that 75% of voting rights in any air services licensees (airlines) are owned by South African residents and that the licensee must, in effect, be in control of the airline, its finances, and its operations.
The action began following a complaint by the…
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