Friday, November 2, 2012
1time ceases operations and files for liquidation
The South-African low-cost carrier 1time has ceased all operations with immediate effect at 15 pm today, Friday 4th November and has filed for liquidation . The airline had an fleet of eleven McDonnell Douglas MD-80. The airline has debts about 320 million rand. In the last six months, the airline loosed 43.5 million rand, as it announced in late October. The airline has already been in an large restructuring process since August 2012.