Fly Safair eyes Mango acquisition
If it is put up for sale.
FlySafair has expressed its interest in purchasing fellow South African carrier Mango Airlines, if it is put up for sale. The airline’s CEO Elmar Conradie confirmed the potential move on Tuesday.
FlySafair could soon be making further expansions to its operations with a new acquisition.
IOL reports that FlySafair’s management approached South African Airways’ administrators about a possible acquisition of the low-cost carrier. However, Elmar made it clear that he is only interested in Mango, which is a state-owned low-cost carrier, and not any other aspects of its struggling parent company.
Mango was founded in 2006 and operates mostly domestic routes within South Africa. However, it does serve Zanzibar, the is a semi-autonomous region of Tanzania.
Elmar affirmed that a purchase of SAA Technical, which specialises in aircraft maintenance would not make sense. This is because his carrier is already serviced by Safair Operations (Pty) Ltd, its own parent company.
South African Airways has been going through a dire period as of late with struggling financials. Last month, South Africa’s National Treasury shared that it will provide a $1 billion bailout for the country’s flag carrier. However, this decision has been met with criticism by many members of the nation’s public due to the amount of funds being spent on the airline.
Meanwhile, FlySafair has been seeing great progress since it commenced operations six years ago. It currently flies to seven destinations across South Africa and it continues to increase its routes and frequencies.