1time

Type: Company
Name: 1time
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Why Fastjet failed to take flight

FASTJET has hit another speed bump en route to local runways.The British-based, London-listed airline, which owns 25% of the local airline with the other 75% held by a murky company co-owned by Edward Zuma, was due to take off on May 31.Ticket sales were ... [Published BDlive - 11 hours ago]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Local low cost airlines set to take off

Nozintombi Miya Two new South African low cost carriers are set to take off and attempt to capitalise on the space left by previously unsuccessful operators. However aviation experts remain sceptical.In the past five years, no less than three low-cost ... [Published SABC - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

To the rescue

Business rescue legislation has been introduced to rehabilitate companies, small, medium or large, that are still economically viable but financially distressed. A temporary moratorium on creditor's rights is provided with outside intervention in the ... [Published Financial Mail - May 17 2013]
First reported May 16 2013 - Updated May 16 2013 - 2 reports

Pakistani group to buy 1time?

A new buyer for bankrupt 1time Airline emerged from an unlikely quarter this week with an offer of R15-million for a controlling stake in the holding company that owns the airline and Jetworx, the aircraft maintenance unit, 1times provisional liquidator, ... [Published iafrica.com - May 16 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

1TIME HOLDINGS LIMITED - FEEDBACK OF SHAREHOLDERS UPDATE MEETING

FEEDBACK OF SHAREHOLDERS UPDATE MEETING 1time holdings Limited Incorporated in the Republic of South Africa (Registration number 1999/017536/06) JSE code: 1TM ISIN: ZAE000102026 (“1time” or “the Company”) FEEDBACK OF SHAREHOLDERS UPDATE MEETING Shareholders ... [Published Sharenet - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

IDC vows action over 1time’s BEE funding

THE Industrial Development Corporation (IDC) is finalising court papers to sue the former directors of failed low-cost airline 1time for incorrectly spending a R49m loan granted to it through its empowerment partners.The IDC loan was part of a 2011 plan ... [Published BDlive - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Business Rescue - Success or Failure‘

Business Rescue legislation was introduced to rehabilitate companies, small, medium or large, that are still economically viable but financially distressed. A temporary moratorium on creditors rights is provided with outside intervention in the supervision ... [Published Gauteng Business News - May 15 2013]
First reported May 02 2013 - Updated May 03 2013 - 2 reports

SUMMIT TV: Can low cost airlines transform Africa?

LINDEN Birns is spokesperson for Airbus in South Africa.SUMMIT TV: South Africa’s commercial aviation sector is never dull. Now SA Express is asking for more than half-a-billion rands in state guarantees and new entrant Fastjet has just less than a month ... [Published BDlive - May 03 2013]
First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

1TM: 1TIME HOLDINGS LIMITED - Shareholders Update Meeting

Shareholders Update Meeting 1time holdings Limited Incorporated in the Republic of South Africa (Registration number 1999/017536/06) JSE code: 1TM ISIN: ZAE000102026 ("1time" or "the Company") SHAREHOLDERS UPDATE MEETING Shareholders are referred to the ... [Published JSE Securities Exchange - Apr 29 2013]
First reported Apr 24 2013 - Updated Apr 25 2013 - 2 reports

Fastjet opening fast in SA

Low-cost African airline Fastjet could start flying in South Africa by the end of May in partnership with a local investment company, Blockbuster, it said on Wednesday (24 April). Under a memorandum of understanding signed with Blockbuster‚ Fastjet's ... [Published Biz Community - Apr 25 2013]
First reported Apr 24 2013 - Updated Apr 24 2013 - 1 reports

End is nigh for 1time as Fastjet offer rejected

THE final curtain may soon fall on 1time airline as the provisional liquidators of the bankrupt carrier have not been able to find a buyer for the "highly indebted" company after an offer of R4.5m from UK-based low-cost carrier Fastjet was deemed "not ... [Published BDlive - Apr 24 2013]
First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

Plans to buy out 1time take a nosedive

Efforts to buy low-cost airline 1time out of provisional liquidation have failed. Provisional liquidator Aviwe Nyamara explained yesterday that 1time?s debts had risen to about R450 million and offers from prospective buyers were not enough to cover the ... [Published Daily News South Africa - Apr 23 2013]

Quotes

Mr Ndyamara said PAKAfrica Aviation was a consortium based in Crown Mines and was a joint venture with an unnamed Pakistani company. The "local partners are the same guys who were involved with Velvet Sky, the Bhanas and Stephen Nthite and Excalibur" , he said
"The offer is not only for the airline but also for Jetworx" Mr Ndyamara said
...The SENS service is an information dissemination service administered by the JSE Limited ( "JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS."
"The money came in six months later and was used as working capital to replace the money that was utilised for those acquisitions" he said

More Content

All (56) | News (53) | Reports (0) | Blogs (0) | Audio/Video (2) | Fact Sheets (1) | Press Releases (0)
sort by: Date | Relevance
Why Fastjet failed to take flight [Published BDlive - 11 hours ago]
Local low cost airlines set to take off [Published SABC - May 17 2013]
To the rescue [Published Financial Mail - May 17 2013]
Pakistani group to buy 1time? [Published iafrica.com - May 16 2013]
Pakistani aviation group makes offer to 1time l... [Published BDlive - May 16 2013]
1TIME HOLDINGS LIMITED - FEEDBACK OF SHAREHOLDE... [Published Sharenet - May 15 2013]
IDC vows action over 1time’s BEE funding [Published BDlive - May 15 2013]
Business Rescue - Success or Failure‘ [Published Gauteng Business News - May 15 2013]
THE LAST WORD: Artful dodger's deals raise red ... [Published BDlive - May 12 2013]
Download: Maintaining the status of a true LCC ... [Published Terrapinn - May 10 2013]
1TM: 1TIME HOLDINGS LIMITED - Change to the boa... [Published JSE Securities Exchange - May 07 2013]
Fasjet To Launch Operations In South Africa [Published Ventures Africa - May 07 2013]
Business Rescue success or failure? [Published FAnews - May 07 2013]
Fastjet on track to fly in SA [Published Eye Witness News - May 07 2013]
Spotlight on soaring airfare costs [Published Sunday World South Africa - May 06 2013]
SUMMIT TV: Can low cost airlines transform Africa? [Published BDlive - May 03 2013]
Delayed take-off [Published Financial Mail - May 02 2013]
SA Express mess out in the open [Published BDlive - Apr 30 2013]
South Africa,United Kingdom : FASTJET to pierce... [Published Equities.com - Apr 29 2013]
1TM: 1TIME HOLDINGS LIMITED - Shareholders Upda... [Published JSE Securities Exchange - Apr 29 2013]
'Air travel excludes blacks' [Published Sunday World South Africa - Apr 28 2013]
Is this the end of expensive air travel in Africa? [Published GlobalPost - Apr 28 2013]
Zuma’s flight of fancy [Published South Africa Post - Apr 28 2013]
James Burns: From FastJet investment to tracker... [Published The Scotsman - Apr 27 2013]
New low cost airline in South Africa? [Published Terrapinn - Apr 25 2013]
Fastjet swoops in to threaten SAA’s best-laid p... [Published IOL - Apr 25 2013]
Fastjet opening fast in SA [Published Biz Community - Apr 25 2013]
Tie-up with Zuma’s son ‘not enough’ for Fastjet... [Published BDlive - Apr 25 2013]
Fastjet inks MOU for South Africa launch; resol... [Published Routes Online - Apr 25 2013]
End is nigh for 1time as Fastjet offer rejected [Published BDlive - Apr 24 2013]
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1Time Applies For Business Rescue [Published ABN Digital - YouTube - Feb 06 2013]
Analysis: Fastjet Talking About Buying 1Time [Published ABN Digital - Video - Dec 05 2012]
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