Former 1Time CEO may launch airline
Former 1Time CEO Rodney James sees an opportunity to launch a new budget airline.
CAPE TOWN - The former CEO and executive director of 1Time Airline on Monday said he he believed there was no time like the present to establish a new low-cost airline in South Africa.
Rodney James recently applied to South Africa's Air Services Licensing Council for a licence to start-up a new airline.
He resigned from the posts in March - several months before 1Time filed for business rescue.
Two weeks ago, the low-cost carrier announced it suspended all flights as a result of its provisional liquidation order granted by the North Gauteng High Court -thousands of passengers were left stranded in several cities as a result.
British company FastJet Plc was interested in buying the troubled airline, but that deal fell through.
James said there was a need for competition in the market, after Velvet Sky also shut down its operations earlier this year.
"We wanted to compete with 1Time and it's really sad that they're not there. There's really only one private competitor [Kulula] and they really need the competition. We believe the time is riper than ever before."