1time launches Zimbabwe low cost service
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1time launches Zimbabwe low cost service
From News24:
Cape Town - Aviation group, Fresh Air has partnered with SA's 1Time Holdings [JSE:1TM] to launch Zimbabwe's first budget airline, the companies said in a statement on Friday.
The airline will begin offering flights, initially from Victoria Falls in September this year.
As part of the agreement, 1Time will stop its Livingstone route and will fly between Johannesburg and Victoria Falls instead. The route would subsequently become a Fresh Air operation.
1Time CEO Blacky Komani said the joint venture provided a great opportunity for both companies on the continent.
“Our partnership with Fresh Air is simple; we share our experience and infrastructure in the aviation industry while Fresh Air launches Zimbabwe’s first low-cost carrier, with licences to operate the underserviced domestic market and various regional routes to be announced in the near future. In doing so, Fresh Air are creating jobs and building a foundation for a sustainable business,” Komani said.
Chakanyuka Karase, CEO of Fresh Air said that the airline’s entry into the market and strategic partnership with 1time would provide a real opportunity to stimulate domestic and regional air travel for Zimbabwe.
“The entry of a low-cost carrier in Zimbabwe has great potential, and we are proud to have launched into this partnership with 1time, who already has palpable successes in the no-frills market. We have absolutely no doubt that this business model will succeed as it is exactly what our emerging economy needs to maintain sustainability, and is an efficient way to connect families, businesses and tourist destinations,” Karase said.
Komani added that the agreement would ultimately further growth and development in Africa.
“Our joint venture not only demonstrates that we foster successful cross-border partnerships, but that together we contribute to regional growth in Africa by providing people with additional travel options at affordable prices,” he said.
Cape Town - Aviation group, Fresh Air has partnered with SA's 1Time Holdings [JSE:1TM] to launch Zimbabwe's first budget airline, the companies said in a statement on Friday.
The airline will begin offering flights, initially from Victoria Falls in September this year.
As part of the agreement, 1Time will stop its Livingstone route and will fly between Johannesburg and Victoria Falls instead. The route would subsequently become a Fresh Air operation.
1Time CEO Blacky Komani said the joint venture provided a great opportunity for both companies on the continent.
“Our partnership with Fresh Air is simple; we share our experience and infrastructure in the aviation industry while Fresh Air launches Zimbabwe’s first low-cost carrier, with licences to operate the underserviced domestic market and various regional routes to be announced in the near future. In doing so, Fresh Air are creating jobs and building a foundation for a sustainable business,” Komani said.
Chakanyuka Karase, CEO of Fresh Air said that the airline’s entry into the market and strategic partnership with 1time would provide a real opportunity to stimulate domestic and regional air travel for Zimbabwe.
“The entry of a low-cost carrier in Zimbabwe has great potential, and we are proud to have launched into this partnership with 1time, who already has palpable successes in the no-frills market. We have absolutely no doubt that this business model will succeed as it is exactly what our emerging economy needs to maintain sustainability, and is an efficient way to connect families, businesses and tourist destinations,” Karase said.
Komani added that the agreement would ultimately further growth and development in Africa.
“Our joint venture not only demonstrates that we foster successful cross-border partnerships, but that together we contribute to regional growth in Africa by providing people with additional travel options at affordable prices,” he said.
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From "Newzimbabw.com": Looks like 1time's new bussiness partner is a real stand up citizen.
A PROJECT fronted by Big Brother star Wendall Parson to fly thousands of school children to the Great Zimbabwe has been halted after the man organising the trips was revealed as a con artist.
Wendall, a trained pilot, was excited after being approached by a company called Nu-Aero, trading as Fresh Air, to fly thousands of kids from around the country to the historic stone monument in Masvingo.
But after just one trip, the flights were halted – dashing the hopes of thousands of kids who looked forward to their first ever flight.
Now Wendall says he was duped by Matipedza Karase – the organiser of the so-called AvTour – into lending his support to the scheme which now threatens to spill into the courts.
Wendall’s mum and manager Gillian Jackson told New Zimbabwe.com on Wednesday that lawyers had been brought in to recover money owed to the 2011 Big Brother Africa winner under a contract signed with Nu-Aero.
She said: “Wendall was duped into thinking this project would benefit thousands of children that would normally never get a chance to fly and visit Great Zimbabwe.
“The idea sold to us was that a chartered plane would fly low over Great Zimbabwe, land and the children would have lunch and spend an hour sightseeing. They would also take pictures with Wendall in the cockpit.
“Wendall was overjoyed that he could interact with the children. Had this project worked according to plan, it would have been a brilliant initiative for the children but it seems Fresh Air thought of no-one but themselves.
“They are villains who have no problem breaking the hearts of children.”
Wendall has appointed Harare lawyer Harrison Nkomo to go after Fresh Air and its founder Karase.
On a Facebook page especially created for the tours, Karase said: “In view of circumstances beyond our jurisdiction and or capacity to influence and control, we reluctantly cannot provide or service the advertised trip to Masvingo and the Great Zimbabwe by air.
“It's not easy to be posting this up, believe me. We have gone to great lengths to avoid it but sometimes not everything we plan for goes the way we expect it to.”
Continuing, he appeared to suggest the tours had been hit by political meddling.
He went on: “Imagine if your organisation was in the process of applying for a licence whilst you are running a certain project and the powers-that-be ask you to stop the projects. You have no choice but to stop.
Wendall, a trained pilot, was excited after being approached by a company called Nu-Aero, trading as Fresh Air, to fly thousands of kids from around the country to the historic stone monument in Masvingo.
But after just one trip, the flights were halted – dashing the hopes of thousands of kids who looked forward to their first ever flight.
Now Wendall says he was duped by Matipedza Karase – the organiser of the so-called AvTour – into lending his support to the scheme which now threatens to spill into the courts.
Wendall’s mum and manager Gillian Jackson told New Zimbabwe.com on Wednesday that lawyers had been brought in to recover money owed to the 2011 Big Brother Africa winner under a contract signed with Nu-Aero.
She said: “Wendall was duped into thinking this project would benefit thousands of children that would normally never get a chance to fly and visit Great Zimbabwe.
“The idea sold to us was that a chartered plane would fly low over Great Zimbabwe, land and the children would have lunch and spend an hour sightseeing. They would also take pictures with Wendall in the cockpit.
“Wendall was overjoyed that he could interact with the children. Had this project worked according to plan, it would have been a brilliant initiative for the children but it seems Fresh Air thought of no-one but themselves.
“They are villains who have no problem breaking the hearts of children.”
Wendall has appointed Harare lawyer Harrison Nkomo to go after Fresh Air and its founder Karase.
On a Facebook page especially created for the tours, Karase said: “In view of circumstances beyond our jurisdiction and or capacity to influence and control, we reluctantly cannot provide or service the advertised trip to Masvingo and the Great Zimbabwe by air.
“It's not easy to be posting this up, believe me. We have gone to great lengths to avoid it but sometimes not everything we plan for goes the way we expect it to.”
Continuing, he appeared to suggest the tours had been hit by political meddling.
He went on: “Imagine if your organisation was in the process of applying for a licence whilst you are running a certain project and the powers-that-be ask you to stop the projects. You have no choice but to stop.
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I take my hat off to the Guys. At least they're seeking new opportunities and trying hard to survive in the current climate. It can't be easy. Much more Backbone in the company, than the people sitting in their lazyboys, writing doom and gloom messages on forums.
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Light horse you are right !!! 100 %
I really do want 1time to be a formidable carrier in SA , giving SAA Mango and Comair a run for their money. I just don't see how investing in a failed state will help their cause.
I really do want 1time to be a formidable carrier in SA , giving SAA Mango and Comair a run for their money. I just don't see how investing in a failed state will help their cause.
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1Time would be better off by stopping domestic flights altogether - they simply can't compete with kulula and Mango's -800's. They have to go regional to survive.
Use the MD's on regional flights to airports SAA doesn't serve - a la Interair - Interair have been raking it in for years flying to cities which weren't well served. They did a JNB - Brazza - Pt Noire - Douala - Cotonou / nightstop / then return for years, the B732s earned them lots of money. Now SAA have woken up and are servicing those cities, but 1Time should go after the others like Bangui, Ndjemena, Bujumbura, Kigali, Yaounde, Moroni, Tana, etc
Use the MD's on regional flights to airports SAA doesn't serve - a la Interair - Interair have been raking it in for years flying to cities which weren't well served. They did a JNB - Brazza - Pt Noire - Douala - Cotonou / nightstop / then return for years, the B732s earned them lots of money. Now SAA have woken up and are servicing those cities, but 1Time should go after the others like Bangui, Ndjemena, Bujumbura, Kigali, Yaounde, Moroni, Tana, etc
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Before we get too excited: a feasibility study would be prudent first, it will not make any commercial sense in servicing some backwater destinations if there is zero demand for going there at the price required to make it profitable. Secondly, 1time's business model is completely different to Interair's, and reorganizing the company will cost an immense amount of money and time. Fundamentally it would be cheaper to close it and relaunch, if it even made sense to pursue that course of action anyway.
To conclude: the most pressing issue at the moment is 1time's R400M of outstanding current liabilities (which exceed current assets by approximately R295M). Anyone willing to give them a half-billion Rand bailout so they can survive to the next financial year? This of course excludes any form of financing for a fleet renewal (safe to assume that it would not be on the cards for many years to come), so all-in-all it is an almost unrescueable situation.
To conclude: the most pressing issue at the moment is 1time's R400M of outstanding current liabilities (which exceed current assets by approximately R295M). Anyone willing to give them a half-billion Rand bailout so they can survive to the next financial year? This of course excludes any form of financing for a fleet renewal (safe to assume that it would not be on the cards for many years to come), so all-in-all it is an almost unrescueable situation.
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Last edited by ian16th; 15th Aug 2012 at 21:16.
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That website of Interair haven't been updated for more than a year now, see Chairman message.
Since SAA started flights to Pointe Noire it seems that InterAir is only operating once weekly on Mondays from Johannesburg.
So, basically SA based airline with one weekly scheduled routing.
There was application from them for operations to Bulawayo, Manzini and Livingstone a few months ago.
Since SAA started flights to Pointe Noire it seems that InterAir is only operating once weekly on Mondays from Johannesburg.
So, basically SA based airline with one weekly scheduled routing.
There was application from them for operations to Bulawayo, Manzini and Livingstone a few months ago.
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1time receives final demand
From a reliable source at management level in 1time;
A email went out to warn directors that ATNS and fueling company will file for liquidation if no payment is made by 31Aug.
Come on guys get this sorted out
A email went out to warn directors that ATNS and fueling company will file for liquidation if no payment is made by 31Aug.
Come on guys get this sorted out
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1time receives final demand
From a reliable source at management level in 1time;
A email went out to warn directors that ATNS and fueling company will file for liquidation if no payment is made by 31Aug.
Come on guys get this sorted out
A email went out to warn directors that ATNS and fueling company will file for liquidation if no payment is made by 31Aug.
Come on guys get this sorted out
hopefully this isn't true. Unfortunately this type of story is becoming more prevalent....
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‘Financially stressed’ 1time enters business rescue
JSE-listed low-cost carrier 1time Holdings’ operating subsidiaries, 1time Airline and Jetworx Aircraft Services, are formally in business rescue, the company said on Tuesday.
Weak economic conditions have caused travel demand to fall, which has exaggerated the effect of excess of capacity in the domestic low-cost market. At the same time airport charges and fuel prices have spiked.
The 1time board of directors said in a statement that 1time Airline and Jetworx were financially distressed.
It added, however, that there "appears to be a reasonable prospect of rescuing these subsidiaries from their current difficulties", and it said it was preparing a business rescue plan.
"Based on this view, the board resolved that the subsidiaries begin business rescue proceedings and be placed under supervision in terms of section 129 of the Companies Act," the statement said.
This decision, it said, would allow the executive directors to develop and implement the business rescue plan.
The resolutions were filed with the Companies and Intellectual Property Commission on Tuesday. The filing date is the effective start date of the business rescue proceedings, according to the Companies Act.
Business rescue practitioners will now be appointed for 1time Airline and Jetworx, under whose supervision they will operate for the next few months.
Weak economic conditions have caused travel demand to fall, which has exaggerated the effect of excess of capacity in the domestic low-cost market. At the same time airport charges and fuel prices have spiked.
The 1time board of directors said in a statement that 1time Airline and Jetworx were financially distressed.
It added, however, that there "appears to be a reasonable prospect of rescuing these subsidiaries from their current difficulties", and it said it was preparing a business rescue plan.
"Based on this view, the board resolved that the subsidiaries begin business rescue proceedings and be placed under supervision in terms of section 129 of the Companies Act," the statement said.
This decision, it said, would allow the executive directors to develop and implement the business rescue plan.
The resolutions were filed with the Companies and Intellectual Property Commission on Tuesday. The filing date is the effective start date of the business rescue proceedings, according to the Companies Act.
Business rescue practitioners will now be appointed for 1time Airline and Jetworx, under whose supervision they will operate for the next few months.
