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South Africa: Airline to pay Comair to settle antitrust suit

By  |  February 18, 2019

Struggling SAA has not made a profit since 2011 and was given a 5 billion rand bailout by government last year to shore up its balance sheet.

State-run South African Airways (SAA) will pay its rival Comair R1.1 billion to settle an anti-competition case, sending shares in the local aviation company soaring.

The dispute between Comair and SAA dates back more than a decade. SAA’s travel agent incentive schemes were deemed anti-competitive by a competition body, paving the way for a damages claim by Comair.

Full Content: CBN

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