South African business aviation company announces new shareholding structure and brand
The Competition Commission has unconditionally approved the acquisition, by Parrot Aviation, of the 50% shareholding in CFS Aviation Group (CFS) that was previously held by Comair General Aviation Holdings. CFS was previously Comair Flight Services. Parrot Aviation was the holding company for Federal Airlines (FedAir).
CFS co-founder and CEO Justin Reeves simultaneously acquired the remaining shares, from minority shareholders. CFA is a business aviation company and this transaction ends its 12-year association with Comair.
“This marks an exciting new chapter in the CFS journey,” said Reeves. “The new structure reinforces our long-term vision, strengthens our shareholder base, and preserves our operational independence. Our clients can expect the same exceptional service, safety and professionalism they’ve come to know, with renewed energy and focus.”
Parrot Aviation’s ownership structure included majority black shareholding, including by black women. This aligns CFS with transformation.
CFS and FedAir will remain entirely separate in brand, operations and leadership (Reeves remains CEO). CFS continues to function under its own Air Operator Certificate. “The new structure allows us to sharpen our focus and continue doing what we do best – delivering the ultimate aviation experience.”
CFS is based at Lanseria International Airport. It offers aircraft management, sales, charter and fixed-base operations services.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
