African carrier Fastjet has signed an option to buy insolvent South African low-fare airline 1time. After the deal is confirmed, flight operations are to be resumed with an initial fleet of up to three MD-80s, but Fastjet says the re-launch will not occur until early 2013. Fastjet would pay a nominal price of ZAR1 ($0.12) for the grounded airline. Many conditions still have to be met before Fastjet’s new South African operation can take off. The agreement is subject to regulatory ...


You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Fastjet Takes Step Closer To Acquiring South Africa‚Äôs 1time".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.