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TimesLive reports that independent aviation companies Airlink and Safair have inked a merger deal in order to pool their costs.
In a statement on Monday‚ the companies said they would on Tuesday be applying to the Competition Commission for approval to unite under the common umbrella of the Airlink group of companies. The airlines will retain their respective products‚ aircraft fleets‚ management and leadership teams. "Employees will be secure with no job losses because of the consolidation‚" the companies pledged. “Coming under a single umbrella will create economies of scale that will enable both airlines to share costs‚ optimise assets and remove systems duplications. This will position the new Airlink Group for future growth‚” said Elmar Conradie‚ who will remain as Safair CEO.
- Read this report in full at TimesLive
- Read too, Airlink to request regulatory approval to merge with low-cost airline Safair, at Business Report
Get other news reports at the SA Labour News home page