Fastjet Has Until Oct. to Buy South Africa’s 1Time: Sunday Times

Tshwane Trust, liquidators of 1Time, extends period for sale of South Africa-based low-cost carrier until Oct., Sunday Times reports, citing London-based Fastjet. * NOTE: Fastjet, majority owned by mining, agricultural group Lonrho, says wants to be first pan-African discount airline * NOTE: 1Time operated 10 aircraft, went into liquidation Nov. 2 after failure to raise necessary funds

To contact the reporter on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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