NCC to monitor 1Time liquidation process
The National Consumer Commission wants to ensure the liquidation process is done properly.
JOHANNESBURG - The National Consumer Commission (NCC) on Monday said it wanted to meet with the liquidators of 1Time airline so it can keep a close eye on the process.
On Friday, the budget carrier grounded its fleet and confirmed it was filing for liquidation, leaving thousands of passengers stranded.
But on Monday, 1Time CEO Blacky Komani said the company had not filed for liquidation.
The country's four major banks, including Nedbank, Standard Bank, First National Bank and Absa, confirmed they will reimburse customers who paid by credit card.
But customers who purchased tickets using cash will have a more difficult time getting refunds.
NCC acting head Ebrahim Mohammed said, "To a large extent, it is up to the liquidators. 1time does not exist anymore, as it were, because they are in liquidation.
"The liquidators now have to gather all the assets and distribute them."