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Chief Financial Officer

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1Time targets intra-Africa expansion

19th March, 2009

South Africa’s 1time signed an agreement with Solenta Aviation and ACIA Aero Holdings in Dec-08, aiming to expand its operations across Africa. The agreement forms part of a funding arrangement, permitting the Solenta/ACIA Group to purchase shares in 1time. The group cited acquisition and growth opportunities as a key reason behind the agreement. [1650 words]

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This report contains the following subheadings:

  • Kulula.com hopes to see the end of Government bailouts
  • Mango expects to report a profit as it maintains domestic capacity share
  • Fly540 targets network expansion with fleet expansion schedule
  • Airtime Airlines faces trademark injunction as launch is postponed

This report contains the following charts and tables:

  • 1time fleet: Week commencing 09-Mar-09
  • 1time: Route map
  • Top ten African routes (seats per week)
  • Johannesburg-Cape Town capacity breakdown by carrier (seats per week as % of total)
  • Kulula.com: Route map
  • Kulula.com fleet: Week commencing 09-Mar-09
  • South Africa domestic capacity breakdown by carrier (seats per week as % of total)
  • Fly540 ATR 72
  • Fly540 fleet: Week commencing 09-Mar-09
  • Fly540: Route map
  • Airtime Airlines 'ifly Airtime' logo
  • 1time logo