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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