New investor for 1time
1TIME Airline has confirmed that it is in talks with a major international investor looking to buy into the low-cost carrier.
Group ceo, Blacky Komani, said the airline couldn’t confirm who the investor was but mentioned it was an aviation company and said an announcement was expected this month.
The group has also announced plans to restructure its board. Blacky told TNW the resignation of 1time founder and former ceo, Rodney James, enabled the airline to re-examine its structure. “It gave us an opportunity to question whether we really need three ceos and three financial directors, and we are now down to one of each.”