Skywise Airline considers selling stake of carrier
Skywise Airline is considering selling off a stake, after six companies expressed interest.
Four of the six are foreign investors, whilst the other two are from South Africa.
The air services licensing act only allows for 25% foreign shareholding, so the offers from foreign carriers are under negotiation.
Co-Chairs Tabassum Qadir and J. Malik said: “We are open to let go more than 50% of our share but only to the local investors. The current expressions of interest from the local investors are being analysed.”
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