Publications
Partners
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.
