CemAir asks tribunal to prohibit Harith acquisition of Safair
Harith ‘not a passenger airline’ – CompCom Competition Commission senior analyst Dale Adams said the commission did assess the merger from both a vertical and horizontal perspective because the acquiring group has a stake or interest in and inputs to the operations of airlines, which is a non-controlling interest in Lanseria Airport.
He said the merger alters the position where FlySafair operates in a market that is economically and strategically independent of the entities holding interests in Lanseria International Airport by bringing a substantial domestic airline under the joint control of an entity possessing a material interest in airport infrastructure used by FlySafair and its competitors.
Snyman said this tribunal inquiry is particularly important because the proposed transaction does not concern an isolated acquisition vehicle because Harith Aviation forms part of a wider network of investment funds, infrastructure assets and institutional investors operating at different levels of the South African aviation value chain.
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