1time files for liquidation
Low-cost airline 1time on Friday confirmed that it has filed for liquidation.
JOHANNESBURG - Low-cost airline 1time on Friday filed for liquidation, leaving thousands of passengers stranded across the country.
Speaking to Eyewitness News , CEO Blacky Komani said, "This afternoon at about 2.30pm, the 1time board together with business rescue practitioners, decided to suspend services with effect this afternoon."
He said planes that were in the air flew back to base, while all other scheduled flights would remain grounded.
Komani said the airline is in talks with other carriers to assist stranded passengers.
"There is nothing else to say, I'm too emotional."
Staff members were informed of the decision on Friday afternoon.
There have been questions around the airline's finances for several months now after the company filed for business rescue.
It is not yet clear if customers with tickets will be reimbursed.
1time is the second local carrier to file for liquidation in 2012.
Earlier this year, troubled airline Velvet Sky shut down its operations.
_ Airports Company South Africa (ACSA) has urged affected customers to contact 1Time on: email@example.com or (011) 086-8300 / (011) 086-8000. _