South Africa-based PAKAfrica Aviation has reportedly acquired a 49% stake in Zimbabwe's Central Air Transport Services (ZO) and intends to use the acquisition, in conjunction with a proposed ZAR15million (USD1.5million) buy out of defunct South African LCC, 1time (T6), to establish a regional hub out of Harare. 
Showing posts with label Beitbridge. Show all posts
Showing posts with label Beitbridge. Show all posts
Thursday, August 15, 2013
► ZIMBABWE: PAKAfrica Aviation to use 1time buy out, stake in CATS to establish hub out of Harare.
South Africa-based PAKAfrica Aviation has reportedly acquired a 49% stake in Zimbabwe's Central Air Transport Services (ZO) and intends to use the acquisition, in conjunction with a proposed ZAR15million (USD1.5million) buy out of defunct South African LCC, 1time (T6), to establish a regional hub out of Harare. 
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