Tuesday, December 4, 2012

1time to be acquired by FastJet, could resume operations

The failed South-African low-cost carrier 1time, which has been forced to cease it´s operations last month due to financial difficulties could be revived. The new pan-African budget airline FastJet, that just have commenced domestic operations in Tanzania with an single Airbus A319, has announced, that it is in talks with the liquidator of 1time. FastJet plans to acquire the company and resume operations with the former fleet of MD-80 series aircraft. Later the fleet will be replaced by new Airbus A319 and beaing rebranded as FastJet.

FastJet has already shown interests in acquisition of some of the 1times assets and it´s AOC some days after the closure of 1time.

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