Tag Archives for 1time.

Fastjet falters

Africa is a continent crying out for a decent transportation network. The railway systems are largely fragmented and crumbling. The top nine airlines in Africa carry fewer passengers a year than Delta alone does in two months. Trade, tourism and travel are all hampered by an inadequate infrastructure. Enter fastJet with the vision of  a series of low cost airlines throughout Africa all using A319s, all sharing  brand, marketing and infrastructure. With a pedigree as impressive as Easyjet‘s  Sir Stelios Haji-Ioannou, a chunk of cash and the backing of Lonrho PLcwho already invest in 18…

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Time ran out for 1time

In September, commenting on South Africa’s only truly independent airline  going into bankruptcy protection to reorganise, I asked the question “will 1time run out of time and become another lost carrier in 2012?” On November 2nd, CEO Blacky Komani  announced that the “1Time board, together with business rescue practitioners, decided to suspend services with effect this afternoon“. Planes in the air at the time flew back to the Johannesburg base. All other scheduled flights remained grounded. South African banks promised their Credit Card customers full refunds for any tickets bought using their cards.  The National Consumer Commission began investigating claims that 1time…

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No time for 1time?

  The South African airline industry has had a very colourful and interesting selection of carriers. Now they really seem under pressure. Earlier in 2012,  airline Velvet Sky went into liquidation. The action was launched by oil company BP over unpaid bills. At the end of August, the carrier 1time which is estimated to have 15 per cent of the SA market,   filed for “Business Rescue” . This arrangement protects the airline from any creditor forcing it into liquidation while the new management team  tries rescue the carrier. 1time (which means in South Africa: “for real!” has…

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