Company Data
| Last traded |
R0.23 |
| Change |
R0.01 |
| % Change |
4.55% |
| Cumulative volume |
54,500 |
| Market cap |
R64.40m |
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Johannesburg - Aviation
group
1time Holdings [JSE:1TM] says its listing transfer from the AltX (Alternative
Exchange) to the Johannesburg Stock Exchange's (JSE) main
board on Monday will attract greater shareholder interest.
The group said the listing transfer would also enable
it to be measured against airline competitors.
1time - consisting of an airline, a charter group and a maintenance
company - listed on the AltX on August 14, 2007.
"The group is planning to operate from Lanseria Airport in Johannesburg
when that airport's five-year exclusive use agreement with
kulula.com ends in March 2011, and its maintenance company, Safair
Technical is looking to exploit growth opportunities," group CEO
Glenn Orsmond, one of the five original founders of 1time, said.
He said the group had come a long way since it first opened for business.
"In January 2004 we opened ticket sales for flights between Johannesburg
and Cape Town, operating one aircraft and since then, we
have grown our fleet to 12 aircraft, operating over 1200 flights a
month, and expect to carry close to two million passengers this year."
The 1time group was one of the AltX top performers in 2009 and at
the end of June 2010 had a market capitalisation of R225m.
Russell Loubser, JSE CEO, said that 1time's transfer to the JSE main
board was another indication that the AltX was fulfilling its purpose.
"It is a board where smaller companies are given an opportunity to grow and a feeder for our main board."
- SAPA