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27 Jul 2023

South Africa's Competition Tribunal conditionally approves the Takatso Consortium proposed purchase of 51% shareholding in South African Airways (SAA)

On 25 July 2023, South Africa's Competition Tribunal provided a conditional approval of the proposed acquisition of 51% of shares in South African Airways by the Takatso Consortium.

Aviado Partners is pleased to be informed that the Competition Tribunal approved Takatso's plan, which has been based on a business plan developed by Aviado Partners and delivered in May 2023.

"Approval by a competition authority within 2 months of delivering a final business plan is quite a feat. Aviado Partners thanks Takatso and its main shareholder, Harith General Partners, for placing their trust in Aviado to provide this piece of the puzzle." - Shakeel Adam, Managing Director, Aviado Partners Advisory Services GmbH

Aviado Partners delivered the first draft of the business plan in 2022 and updated it to reflect the dynamic market conditions and competitive environment in 2023, while supporting the Takatso Consortium with numerous activities related to preparing for discussions with South African Airways, the Department of Public Enterprises, the South Africa Competition Commission, and the Competition Tribunal.

A statement from the Department of Public Enterprises can be found at the following link.

About Aviado Partners Advisory Services GmbH

Aviado Partners Advisory Services GmbH is a specialist management consulting firm providing objective, independent and evidence-based analysis, advice and implementation support to airlines, airports, rail operators, hotels and other transportation related companies around the world. The firm advises management, boards, investors, governments, leasing companies and other stakeholders across all the key commercial and strategy issues. Aviado Partners' team members and associates have worked with leading international full service and low cost airlines, global consulting firms, financial institutions and manufacturers both as members of senior management as well as an airline consultant. The Partners and Associates have led or had significant involvement in numerous merger, acquisition, restructuring, start-up, aircraft selection and performance improvement assignments in Asia, the United States, Canada, South America, Russia & the CIS, Africa and the Middle East.

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About the Client

Takatso Aviation (Pty) Ltd (“Takatso”) is an investment company established for the sole purpose of acquiring controlling stake in South African Airways SOC Limited (“SAA”), in a Strategic Equity Partnership with the government of the Republic of South Africa.

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