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

To contact the editor responsible for this story: Nasreen Seria at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.