Fast work for Fastjet

The new low-cost African airline Fastjet has announced that it is in negotiations to buy bankrupt South African airline 1time and that it has opened talks with Emirates with a view to a possible partnership. Fastjet says that the proposed transaction to buy 1time from its parent company, 1time Holdings, would involve the new African low-cost carrier paying a nominal fee for the purchase of 1time and reaching a settlement with the 1time creditors. Ed Winter, Chief Executive Officer of Fastjet, said: “If this transaction goes ahead – and the timescales are extremely challenging – we would hope to get