Harith to Acquire South African Budget Airline FlySafair

South African private equity firm Harith General Partners is set to acquire the budget airline FlySafair. Bloomberg posted on X that the acquisition aims to expand Harith's investments in the aviation sector. FlySafair, known for its affordable domestic flights, has been a significant player in South Africa's airline industry. The acquisition is expected to enhance FlySafair's operational capabilities and market reach. Harith's move comes amid a challenging period for the global aviation industry, which has been impacted by fluctuating demand and economic uncertainties. The deal is anticipated to bring strategic benefits to both Harith and FlySafair, aligning with Harith's broader investment strategy in infrastructure and related sectors.