Showing posts with label Liquidation. Show all posts
Showing posts with label Liquidation. Show all posts

Monday, June 24, 2013

► MALAWI: Air Malawi Ltd's lone ATR42, two 737s put up for sale by liquidator.

Air MalawiMr Lekani Katandula, a partner at audit and business advisory firm Deloitte, the officially appointed liquidators for the now defunct Air Malawi Ltd (QM), has announced that the airline's fleet of three aircraft, an ATR42, a B737-300 and a B737-500, are now up for sale to all interested parties.

Thursday, April 25, 2013

■ SOUTH AFRICA: 1Time liquidation to be brought forward as deal with fastjet now more and more unlikely

1TimeOn the back of  news that fastjet (FN) has entered into a partnership with South African investment firm Blockbuster and Federal Air (7V) with flights to Johannesburg and Cape Town set to start in late May, 1Time's liquidator says he has applied to have the proposed total liquidation date of the airline brought forward.

Thursday, February 14, 2013

► MALAWI: Air Malawi ceases all flights as new foreign investor to be announced in due course.

Air MalawiMalawi's beleaguered national carrier, Air Malawi (QM), has officially ceased flights with 243 employees also having been laid off, as the airline is liquidated in preparation for the founding of a new privatized venture, Air Malawi 2012.

Wednesday, December 12, 2012

■ EGYPT: Egyptair Express to be liquidated, with E170 fleet returned to Egyptair on the back of poor finances.

Egyptair Express
According to Egyptian paper, Ahram, EgyptAir Express (MSE) is to be reintegrated into its parent company, Egyptair (MS), six years after it was launched to offer passengers increased frequencies on domestic and thin international routes, such as Cairo-Budapest.

Tuesday, December 11, 2012

■ SOUTH AFRICA: 1Time liquidators seek deadline deferment to February 2013 as talks with fastjet go on.

1TimeLiquidators for defunct South African LCC 1Time (T6) today applied for a postponement of the deadline for the final liquidation of the airline, as talks with fastjet (FN) continue. The recently launched Tanzania-based LCC confirmed last week that it was in negotiations with the management, directors and provisional liquidator of 1Time (T6) over a possible buy out which would eventually pave the way for a fastjet entry into the South African market.

Friday, November 16, 2012

■ MALAWI: Ethiopian Airlines, Comair Ltd express interest in 49% stake in Air Malawi.

The Malawian government this afternoon announced that a liquidator had been appointed for Air Malawi Ltd (QM) in order to facilitate the speedy settlement of its debts and liabilities as it moves ahead with the restructuring of the struggling national airline. Additionally, a short-list of possible investors has also been announced with Ethiopian Airlines, and twice shy suitor Comair Ltd in the running.

Friday, November 9, 2012

■ ZIMBABWE: Unlucky FreshAir hoping to relaunch in December as 1Time officially heads for liquidation.

FreshAir logoNu-Aero, the 51% majority shareholders in Zimbabwean LCC, Fresh Air (Z7), have stated that flights between Victoria Falls and Johannesburg (ORTIA), South Africa "could" resume as early as next month, in time to capitalize on the Christmas period, if a suitable technical partner can be found.

Friday, November 2, 2012

■ SOUTH AFRICA: Knives out for SAA as 1Time goes under.

Embattled South African LCC, 1Time (T6), has filed for liquidation and has subsequently ceased operations as of 3pm this afternoon, 2 November 2012.