• You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

  • Terry Bell's Inside Labour

    Calling zama-zamas illegal is a case of criminalising an act of entrepreneurship.

  • 'Disappearing' data

    Faster networks and consumer habits have led to perceptions of vanishing data, says Vodacom.

All data is delayed
Loading...
See More

FastJet promises cheap flights

Dec 11 2012 17:35
Fin24
Johannesburg – London-based airline FastJet has promised travellers that they can expect very low airfares when it enters the South African market. 

EWN reported on Tuesday that FastJet, which is a subsidiary of UK-based Lonhro, is currently negotiating to buy the bankrupt low cost airline 1time to reach an agreement with the airlines’ creditors.

FastJet CEO Ed Winter reportedly said he was aiming to get the airline back in the sky by Christmas.

1time suspended operations on November 2 following months of negotiations to help it out of financial difficulty. A provisional liquidation order for the company was issued a week later by the North Gauteng Court. 

Aviwe Ndyamara, 1time’s liquidator, told The Mercury that they are seeking to extend the date of liquidation to February 2013 to allow negotiations with FastJet to continue. 

Ndyamara said he was confident a deal would be reached soon.
1time  |  fastjet

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
31 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Applying for a loan via social media is:

Previous results · Suggest a vote

Loading...