A budget airline in South Africa says that it has applied for liquidation.
1Time Airline said Friday that all of its operations have been grounded with immediate effect after it applied for business liquidation.
The low cost airline that flies in southern Africa filed and operated under business rescue since September 17. It said a financial consultant advised the company "there was no viable way forward to recapitalize the airline to a profitable state."
The firm says it had been
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