Subscribe
Login
Airlines

Africa’s newest airline FastJet makes moves to buy South Africa’s 1Time

Samantha Shankman

Photo Credit: FastJet's inaugural flight took off in November in Tanzania.  FastJet

Skift Take

Africa is full of near-bankrupt and poorly managed state airlines, making acquisitions a quick and cost efficient way for upstarts like FastJet to build its fleet and expand routes early on.

As suggested here some weeks ago, at the time strenuously denied, news broke in South Africa that the owners of FastJet have reached a preliminary agreement with the owners of 1Time, a South African LCC which recently halted operations and started winding up proceedings to acquire the airli

Get unlimited access with Skift Pro.

Subscribe now for complete access to Skift.com's trusted coverage of the travel industry.

Apple Pay, Google Pay, Paypal, VISA, Mastercard, Discover, American Express

Already a subscriber? Login