Gidon Novick has walked away from the Takatso Consortium, the strategic equity partner of SAA.
This means that Global Aviation, together with the airline management company formed by Novick for the specific purpose – which together owned a minority share in the 51% black-owned Takatso consortium – have exited the consortium. Global Aviation and Novick’s management team brought with them many years of aviation expertise.
Presumably, with the exit of Novick and Global Aviation, the…