'1time business as usual,' says Komani

Photo: www.southafrica.to
Photo: www.southafrica.to
Johannesburg - 1time Holdings filed for business rescue on Tuesday and according to the low-cost airline’s CEO Blacky Komani, “It is business as usual and passengers have nothing to fear.”

According to Komani, the business rescue procedure is a temporary measure instituted in terms of the companies act that now affords the airline a three-month period to formulate a business plan aimed at resolving its "financial distress". The firm had about R320 million in short-term debt and had been in negotiations with creditors since March.

The process is now with the Companies Intellectual Properties Commission (CIPC – formerly known as  CIPRO), responsible for approving the nominated business practitioner who will oversee the business plan process during the next three months. 1time is expecting to receive the approval announcement on Thursday.

When asked about the emergency landing and engine failures experienced by one of its plane, Komani says the Civil Aviation Authority has had a look at the plane and its history.

CAA reports have shown that while it was the same plane that had to make an emergency landing at Durban's King Shaka International Airport on August 5, the latest incident did not involve the same engine.

Komani said the earlier engine troubled had been caused by a broken blade, while the latest engine trouble had been caused by an "outside object, potentially ice, affecting the engine."

"Everything was checked out. This was an unforeseen problem," airline spokesperson Refilwe Masemola also stated in earlier reports.

Komani stated that he had been to OR Tambo International airport earlier in the day to talk to staff and passengers and he was “humbled by the goodwill passengers had shown to him". He wants to "assure travellers that operation will continue and that the airline will continue flying."
We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Should Proteas star Quinton de Kock continue playing at the T20 World Cup even if he doesn't take the knee in support of the fight against racism?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! He should be allowed to show his support any way he chooses
37% - 865 votes
No! If De Kock refuses to unite with his teammates, then he should be on the next plane home
12% - 284 votes
The only ones at fault here are Cricket SA, who have sabotaged another Proteas World Cup
51% - 1177 votes
Vote
Rand - Dollar
14.97
-1.0%
Rand - Pound
20.59
-0.6%
Rand - Euro
17.37
-1.0%
Rand - Aus dollar
11.23
-0.9%
Rand - Yen
0.13
-1.4%
Gold
1,788.99
-0.2%
Silver
23.96
-0.8%
Palladium
1,980.50
-1.5%
Platinum
1,021.02
-1.0%
Brent Crude
86.40
+0.5%
Top 40
60,797
-0.4%
All Share
67,494
-0.3%
Resource 10
63,048
-0.7%
Industrial 25
87,148
-0.2%
Financial 15
14,043
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE