Stelios Haji-Ioannou

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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