New African low-cost start-up Fastjet confirmed it is in negotiations to buy 1time Airline, the South African LCC that went into liquidation last month.
Fastjet Airbus A319. Courtesy, Fastjet New African low-cost start-up Fastjet confirmed it is in negotiations to buy 1time Airline, the South African LCC that went into liquidation last month. The proposed transaction—which is subject to the board, parent 1time Holdings and regulatory approval—would involve Fastjet paying a nominal fee for the purchase of 1time and reaching a settlement with 1time creditors. Fastjet CEO Ed Winter said: “If this ...
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