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.
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Showing posts with label PAKAfrica Aviation. Show all posts
Showing posts with label PAKAfrica Aviation. 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
Monday, May 20, 2013
■ SOUTH AFRICA: Pakistan's PAKAfrica Aviation eyes majority stake in 1Time Holdings, including Jetworx.
A new potential buyer for bankrupt LCC 1Time (T4), has emerged in the form of PAKAfrica Aviation, a Pakistani aviation group, who have pitched USD1.6million (ZAR15million) for a "controlling stake" in South African firm, 1Time Holdings, owners of the LCC along with its MRO wing, JetWorx.
Labels:
1Time,
1Time Holdings,
Jetworx,
PAKAfrica Aviation,
Pakistan,
South Africa
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