Low cost airline grounded pending liquidation
Sir Stelios’ budget African carrier is reported to have been in talks to buy a troubled airline which was grounded last weekend.
Low cost South African airline 1time ceased flying on Friday as the airline applied for business liquidation.
The rescue practitioner told South African news site News24 there was no prospect of survival after a’ potential investor pulled out’.
South African trade union Solidarity, which represents 540 workers expected to be left jobless by the airline ceasing to trade, claimed budget African airline, FastJet, was the investor.
However fastjet said it was unable to comment on this. The African budget airline launched its new branding this week, see other story.
Passengers were left stranded in Zanzibar and Zimbabwe by the failure and were told via facebook that the airline would assist them with a cash reimbursement on arrival in South Africa up until yesterday.
A statement by 1time group CEO, Blacy Komani on the website said: "It is therefore with utmost regret,disappointment and heartfelt disbelief that we have to file for liquidation which means the end of a dream and an era for all of us."
1time applied for business rescue in August.
Diane
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt