A New Chapter for South African Skies: Harith General Partners to Acquire FlySafair

In the fast-paced world of African aviation, few names resonate as strongly as FlySafair. Since its first flight in 2014, the pink-and-blue liveried carrier has transformed from a plucky underdog into a dominant market leader, now controlling roughly 67% of South Africa’s domestic seat capacity.

On February 10, 2026, the airline’s journey took a monumental turn. ASL Aviation Holdings, the Dublin-based group that has nurtured FlySafair since its infancy, announced it is “passing the baton” to Harith General Partners, a leading South African infrastructure investor. This isn’t just a corporate transaction; it is a homecoming that promises to anchor the country’s favorite budget airline in local soil while eyeing a broader African horizon.

The Changing of the Guard

The deal involves Harith and its affiliates acquiring the airline through a dedicated vehicle, Harith Aviation. For ASL Aviation Holdings, the move represents a logical exit after a decade of phenomenal success. ASL’s Group Chief Executive, Dave Andrew—who was also FlySafair’s founding CEO—expressed immense pride in seeing the carrier grow from three aircraft to a fleet of 39 Boeing 737s.

For Harith, which manages over $3 billion in assets, FlySafair is the “missing link” in its vision for an integrated African transport ecosystem. Harith isn’t a newcomer to the sector; it already holds a stake in Lanseria International Airport. By adding a world-class airline to its portfolio, the firm is positioning itself to connect roads, rails, and runways across the continent.

Solving the “Foreign Ownership” Puzzle

Beyond the boardroom strategy, this deal addresses a lingering cloud over the airline. In 2024 and early 2025, South Africa’s Air Services Licensing Council raised concerns that FlySafair was in breach of local laws, which require domestic carriers to be 75% South African-owned. While the airline had utilized trust structures to remain compliant, the council’s findings created a period of regulatory uncertainty.

While FlySafair leadership has clarified that the sale was not initiated by these findings, the shift to 100% South African ownership under Harith provides a much cleaner regulatory path. It ensures that the “People’s Airline” truly belongs to the people, effectively making the carrier a fully homegrown success story.

What Does This Mean for the Passengers?

The most important question for the millions who rely on FlySafair for affordable travel is: Will my ticket prices go up?

The short answer is a reassuring “No.” Both parties have emphasized a strategy of continuity.

• Existing Leadership: The current management team, credited with making FlySafair the most on-time airline in Africa and the Middle East, will remain in place.
• Low-Cost DNA: The core mission—providing “hassle-free” travel at the lowest possible prices—remains unchanged.
• Regional Expansion: If anything, Harith’s “patient capital” might mean more options. The firm is keen to support FlySafair’s growth into more regional African destinations, potentially bringing its low-cost magic to routes that have long been prohibitively expensive.

A Vote of Confidence in African Aviation

This acquisition comes at a time when the South African aviation landscape is still recovering and reshuffling. With the state-owned SAA seeking its footing and other private players competing fiercely, Harith’s investment is a massive vote of confidence.

Tshepo Mahloele, Co-Founder and Chairman of Harith, summed it up perfectly: “FlySafair represents exactly the kind of African success story we seek to back: a well-run, resilient business delivering real economic value every day.”

Looking to the Horizon

As the deal moves through the customary approvals of the Competition Commission and aviation authorities—expected to conclude by the fourth quarter of 2026—travelers can expect “business as usual.”

FlySafair has carried over 54 million passengers since its inception, reducing fares by as much as 32% on some routes. Under Harith’s wing, the hope is that this success story will not only continue but fly even higher, proving that African infrastructure and African aviation are a match made in the clouds.

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