South African budget airline 1Time cancelled all flights on November 2, 2012, and has filed for liquidation. The airline is believed to have debt over $1.85 million USD.
The following statement from CEO Blacky Komani has been posted on the official 1Time website:
“I sincerely thank our employees who worked so hard over the years to drive 1time.s business, the travel trade who have been steadfast in their support, and our passengers who carried and maintained 1time during our most difficult and trying financial times, your loyalty is appreciated.
Although 1time ceases to exist, the airline that we.ve built up through blood, sweat, tears and undeniable passion, will live on in the hearts of our passengers and also our competitors, who know that they have lost a formidable and world-class player in the low cost market.”
The 1Time fleet was grounded without any warning and left hundreds of travelers stranded. Travelers affected by the grounding of 1Time are advised to make alternative travel arrangements.