PAKAviation Africa has clarified its plans to establish a new regional African carrier using a restructured 1Time Airline (T6) as its foundation. According to the Dubai/Pakistani-backed firm, 1Time Holdings Ltd is to be used as a housing company for assets once a controlling stake (still pending regulatory approval) is acquired.
__________________________________________________________________________________________________________________________________________
Showing posts with label CATS. Show all posts
Showing posts with label CATS. Show all posts
Monday, September 9, 2013
Thursday, August 15, 2013
► ZIMBABWE: PAKAfrica Aviation to use 1time buy out, stake in CATS to establish hub out of Harare.
South Africa-based PAKAfrica Aviation has reportedly acquired a 49% stake in Zimbabwe's Central Air Transport Services (ZO) and intends to use the acquisition, in conjunction with a proposed ZAR15million (USD1.5million) buy out of defunct South African LCC, 1time (T6), to establish a regional hub out of Harare.
Labels:
1Time,
Beitbridge,
Bulawayo,
CATS,
Chiredzi,
Dar es Salaam,
Frankfurt,
Johannesburg,
Lilongwe,
London,
Luanda,
Lusaka,
Maputo,
Masvingo,
Nairobi,
PAKAfrica Aviation,
Victoria Falls,
Zimbabwe
Subscribe to:
Posts (Atom)