Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts
Wednesday, November 14, 2012

► ZAMBIA: Zambezi Airlines ceases ops until 2013?

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News reports out of Zambia are claiming that private carrier, Zambezi Airlines (ZJ), has ceased operations owing to a serious liquidity cru...
Friday, November 9, 2012

■ ZIMBABWE: Unlucky FreshAir hoping to relaunch in December as 1Time officially heads for liquidation.

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Nu-Aero, the 51% majority shareholders in Zimbabwean LCC, Fresh Air (Z7), have stated that flights between Victoria Falls and Johannesburg ...
Friday, November 2, 2012

■ SOUTH AFRICA: Knives out for SAA as 1Time goes under.

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Embattled South African LCC, 1Time (T6), has filed for liquidation and has subsequently ceased operations as of 3pm this afternoon, 2 Novem...
Wednesday, September 5, 2012

► NIGERIA: Air Nigeria calls it quits as Dana Air's licence is reinstated.

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On a day of two contrasting fortunes,  Jimoh Ibrahim's troubled venture Air Nigeria (VK), having teetered on the brink of collapse f...
Friday, August 24, 2012

► GHANA: More woes for CTK CiTylinK as it loses its leased Fokker 100 over unpaid bills.

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In a sign that times are getting even tougher for Ghanaian domestic carrier CTK CiTylinK Airlines (CTQ), it has emerged that its Fokker 100...
Wednesday, August 22, 2012

► SOUTH AFRICA: Financial vultures gather around a defiant 1Time as USD40million debt millstone takes its toll.

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Financial news-wires were today abuzz with reports that following an urgent board meeting, 1Time Holdings, parent company to South Africa...
Monday, July 9, 2012

► MALAWI: Swift Air grounded by courts as Government mulls Air Malawi's future following huge losses.

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Privately owned Malawian airline Swift Air has been grounded by the Malawian courts and had its property in Lilongwe at...