Fastjet inks LOI for 1time

African-budget carrier Fastjet has filed a letter of intent with the liquidators of failed South African low-cost carrier 1time. Last December, Fastjet’s management struck a provisional deal to acquire 1time for ZAR1 ($0.12). This deal has now come a step closer to fruition, following a meeting...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.