South Africa's Fastjet puts in offer for 1time Airline

South African carrier Fastjet announced Wednesday it put in an offer to buy 1time Airline which went into liquidation in November.

South African carrier Fastjet announced Wednesday it put in an offer to buy 1time Airline which went into liquidation in November.

Fastjet has entered into an options agreement to purchase the whole issued share capital of the low cost airline from its parent company, 1time Holdings, for $0.12m. The agreement follows reports the two were in talks.

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