Public Enterprises Minister Pravin Gordhan said the South African Airways deal with government’s chosen partner, the Takatso consortium, "remained alive" and dismissed a major schism in the consortium as "argy-bargy". On Monday, Gidon Novick resigned from the consortium’s board, citing concerns about its ability to raise the money needed for the deal. The former co-CEO of kulula.com and co-founder of LIFT, also represented Global Airways, an aviation leasing company which owns LIFT. They are the minority shareholders in Takatso, and were supposed to contribute aviation expertise to a "new" SAA. The investment fund Harith is the majority partner in the consortium and was responsible for raising money for the deal. Takatso is supposed to take a 51% stake in SAA. In return, they would invest R3-billion in the airline over two years.