In another promising development following the proposed acquisition of bankrupt South African LCC 1Time (T6) by LCC fastjet (FN), its sister MRO company, Jetworx, has been acquired by the American Industrial Acquisition Corporation (AIAC), thereby giving hope to its remaining 200 employees. The deal however, is still subject to approval by Jetworx creditors.
Showing posts with label American Industrial Acquisition Corporation. Show all posts
Showing posts with label American Industrial Acquisition Corporation. Show all posts
Saturday, January 12, 2013
■ SOUTH AFRICA: 1Time's Jetworx MRO to be taken over by the American Industrial Acquisition Corporation.
In another promising development following the proposed acquisition of bankrupt South African LCC 1Time (T6) by LCC fastjet (FN), its sister MRO company, Jetworx, has been acquired by the American Industrial Acquisition Corporation (AIAC), thereby giving hope to its remaining 200 employees. The deal however, is still subject to approval by Jetworx creditors.
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