1time news & offers |
1time airline is the brainchild of Glenn Orsmond, a former financial directory of Kulula Airline's parent company, Comair.
26 Apr 2012 |
Annual results are released for the 1time share, and their auditors highlight that "The current liabilities of the Group exceeded its current assets by R295 032 163 at 31 December 2011. The Directors` Report also indicates that these conditions, along with other matters, indicate the existence of a material uncertainty which may cast significant doubt on the group`s ability to continue as a going concern." |
2 Apr 2012 |
Trustee Board Investments Proprietary Limited increases its beneficial interest in 1time Holdings from 11% to 17.22% |
30 Mar 2012 |
1time updated its Lanseria flights timetable:
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29 Mar 2012 |
1time increases the frequency of its Johannesburg - Zanzibar flights from 2 to 5 a week during the months of March, April, August, September, October & December. “Our research shows a high demand in South Africa for low cost flights to holiday destinations in East Africa, and we therefore want to provide our passengers with increased options in this regard, particularly over prime holiday periods. We are confident that this increase in frequency will help satisfy this burgeoning demand, and significantly strengthen our position in the local low cost carrier industry. Undoubtedly, East Africa offers great potential in terms of being an enticing holiday location. Thus, we are eager to explore the possibility of connecting our passengers to other East African cities in the near future, and are currently determining the feasibility of new locations and routes.” says Mike Bond, Commercial Director of 1time airline. |
27 Mar 2012 |
Ms Kesebone Maema is appointed as an independent non-executive director of 1time. Ms Kesebone holds a Bachelor of Arts degree, having majored in Communications and Industrial Psychology. She is the Head of Corporate Communication at the IDC (Industrial Development Corporation of South Africa), and has more than ten years " experience in advertising, public relations and the broader marketing and communications environment". Ms Kesebone has worked as a strategist in sectors including tourism, telecommunications & financial services. Her experience at the IDC has broadened her knowledge of sectors such as manufacturing, mining & media. |
12 Mar 2012 |
Rodney James resigns as CEO of 1time Airline Proprietary Limited, and as an executive director. Michael Kaminski resigns from the Board as an executive director; Blacky Komani, CEO of the 1time Holding Company, is appointed as CEO of 1time Airline. Michael Kaminski will serve his notice period until the end of May 2012, whilst the Board looks for a replacement for him. James later is quoted as saying: "I'm an entrepeneur. I don't like all this corporate stuff...I was thinking of resigning at the end of the month & getting out around May or June. Monday was a bit quicker than expected. The guys are wanting to to change some structures & shift the board around & stuff. I just thought, let me get out of the way now." |
5 Mar 2012 |
1time Johannesburg - Mombasa flights commence. |
5 Mar 2012 |
1time Lanseria - Durban & Cape Town - Lanseria flights commence. "Lanseria Airport is a convenient option for passengers staying or operating in the northern or north-western suburbs of Johannesburg, as it provides a great alternative to OR Tambo International. The airport also presents a great opportunity to significantly increase our passenger share. We are, therefore, very excited about flying from the airport and plan to ensure that our usual high standard of service and value for money continues with our Lanseria routes. These new routes are indicative of our positive view of 2012, and demonstrate that we are growing and developing all the time. Moving forward, we are looking for further avenues to explore to make flying easy and affordable, with routes to other exciting destinations on the horizon." said Rodney James, 1time airline CEO on 5 Dec 2011. “1time’s decision to offer flights from Lanseria International Airport has intrinsic convenience factors for existing and new customers, as the airport is close to Pretoria and several Johannesburg suburbs. Thus, its location will benefit a wide range of people, as it will ensure that our passengers now have the option of a suitable alternative to OR Tambo International Airport. We are confident that our customers will eagerly embrace the opportunity to fly with us from Lanseria, and that our Durban and Cape Town routes will quickly match the popularity of those from OR Tambo. This success will subsequently allow us to increase the number of flights on the two existing Lanseria routes and add additional routes from the airport to other destinations in South Africa and Africa.” said Mike Bond, 1time Airline's Commercial Director on 5 March 2012 |
1 Feb 2012 |
1time airline is reassessing its number of flights between Cape Town, Durban & Johannesburg; with its sights set switching to more profitable intra-regional routes. It plans to make changes in the next 3 to 6 months. "What we are trying to do is to rely less on some of the domestic routes. There is still good growth in Africa and we are looking at (cutting) routes that are highly competitive," said 1time Chief Executive Officer, Mr Blacky Komani |
20 Jan 2012 |
1time SENS announcement: "Shareholders are referred to the announcement dated 19 September 2011 which advised that certain 1time shareholders, being the five original founding members of 1time Airline Proprietary Limited ("the founding shareholders"), had entered into an agreement with Excalibur Aerospace Proprietary Limited ("Excalibur Aerospace") whereby Excalibur Aerospace would acquire a stake in 1time through the purchase of shares from the founding shareholders. Shareholders are further advised that this sale of shares agreement has lapsed due to the failure to fulfil certain suspensive conditions timeously." Subsequently it was reported that Excalibur Aerospace still wants to buy 1time shares - subsequent to the deal collapsing, Excalibur bought 13-million shares from 1Time shareholders, giving it a stake of about 5% "It is still our intention to acquire shares in 1Time and once we have increased our shareholding above what we have said initially (29.6%) to use the company to grow a low-cost regional carrier business." said Stephen Nthite, Chairman of Excalibur Aerospace. |
1 Nov 2011 |
Kenneth Jarvis is appointed as an independent non-executive director & Lorna Terblanche (previously financial officer of Safair Technical) as group financial director. Ken has previously held IT positions at Momentum Life, Nedcor Bank and Amplats. |
27 Oct 2011 |
Selemeng Mokose resigns as an independent non-executive director of 1time. |
1 Oct 2011 |
Blacky Komani, a former Tourism SA executive, takes over as CEO from Glenn Orsmond. Orsmond cites it being "time for change" and the need for "fresh ideas, fresh thinking, more energy". |
20 Sep 2011 |
Excalibur Aerospace purchases a 29.6% stake in 1time Holdings at 45c a share, from the 5 founding members of 1time - Rodney James, Michael Kaminski, Sven Peterson, Gavin Harrison and Glenn Orsmond. “The deal is positive for 1time Holdings as it eliminates the overhang of shares in the market, significantly strengthens the shareholder base, and gives the Group access to capital funding to fund future growth." said Glenn Orsmond, Group CEO "We had strategy that we proposed to the board that the five founding shareholders sell out a big stake to bring in a strong shareholder, and we were approached by Excalibur. They have funding from the Middle East - we need to grow capital and they approached us and said they’d like to acquire a major stake to use 1time as a platform to go into a major African airline, eventually feeding into the Middle East as well", said Orsmond |
Q3 2011 |
1time plans to start flying from Johannesburg Lanseria Airport in the 3rd quarter of 2011. “We have agreed in principle with Lanseria’s management to start in the third quarter, right now we are still discussing pricing and congestion at the airport. We’ll start with flights to Durban and Cape Town.” said Glenn Orsmond, 1Time's CEO on the 17th March 2011. |
31 Aug 2011 |
1time discontinues its Johannesburg - Maputo flights, citing insufficient slots being allocated to them. They'll be using the plane on their JNB-CPT flight route. This is 1 day before Comair starts flying the JNB-Maputo route under the BA banner. |
14 May 2011 |
The first flight of the newest Avis plane in the 1Time fleet, flying from Johannebsurg to Durban King Shaka International Airport. |
1 Apr 2011 |
Peter Duffy, a CA, replaces Michael Snyman as financial director of 1time airline (Proprietary) Limited, who resigned. "The board of directors of 1time wish to thank Michael for his contribution to the company, including his participation in the listing of 1time on the Alternative Exchange (AltX) of the JSE, the transfer of 1time's listing from the AltX to the main board of the JSE and the successful conclusion of the recent black economic empowerment transaction. The board wishes Michael well in his future endeavours. The board has initiated the process to appoint a replacement financial director of 1time, and shareholders will be advised of the appointment in due course." |
6 Mar 2011 |
Mtha Aviation, Chaired by Blacky Komani and majority funded by the Industrial Development Corporation (IDC), purchase 25% of 1time for R49m at a price of 69c/share. Komani joins the airline as a non-executive director. |
11 Nov 2010 |
1time announces that it has successfully negotiated and signed a R50 million Standby Equity Distribution Agreement ("SEDA") with UK based investment fund YA Global Master SPV Limited ("Yorkville"). The SEDA, which is the third such agreement to be negotiated by Yorkville with a South African company, will be in place for 32 months and provides 1time with the flexibility to access significant liquidity from time to time through the issue of new shares at its sole discretion. In terms of the SEDA, 1time will be entitled to offer tranches of newly issued 1time shares up to a total value of R50 million to Yorkville, which Yorkville will be obliged to subscribe for. The 1time shares will be issued in limited tranches subject to the terms and conditions of the SEDA. Yorkville`s subscription price will be calculated based on the volume weighted average price of 1time`s shares on the JSE Limited ("JSE") before the date of the advance. Any new 1time shares issued in terms of the facility will be issued in terms of 1time`s general authority to issue shares for cash in terms of the JSE Listings Requirements approved by shareholders at the last Annual General Meeting on 4 June 2010. It will be subject to renewal of the general authority over the 32 month period. Commenting on the agreement, Michael Snyman, Group Financial Director of 1time, said: "We are very pleased to have secured this agreement with Yorkville at this stage of the company`s lifecycle. This facility provides us with the flexibility to raise capital in tranches as and when required and will assist in our continued growth strategy." Brian Kinane, Managing Director of Yorkville Advisors UK said: "We are excited to be working with 1time as it offers multi-faceted exposure to African aviation, 1time has a profitable business model, and clear competitive advantage. The SEDA commitment of R50 million will enable 1time to grow into its vision and enhance its ability to prudently manage financial risk." |
31 Oct 2010 |
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29 Oct 2010 |
1time SENS announceent: "Further to the cautionary announcement dated 22 September 2010, shareholders are advised that negotiations are still in progress with a potential BEE investor who has obtained approval in principal from its funder for an investment in 1time. These circumstances may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company’s securities until a further announcement is made. Such announcement will set out the salient details of the terms of the potential transaction which may be entered into between the BEE investor and 1time. The potential transaction will require approval by 1time shareholders in general meeting. Shareholders will be notified of further developments in due course." |
6 Sep 2010 |
1time Dec flights - 1time airline's cheapest daily flight prices in December 2010 (not an official flight special), R289 from Johannesburg to Durban. |
12 Aug 2010 |
1time Airline's first flight from Johannesburg to Maputo (at an initial price of R672, which 1time claims is 50% lower than its competitors). |
5 Jul 2010 |
1time Holdings transfers its listing from the AltX to the Travel and Leisure sector on the Johannesburg Stock Exchange. |
Feb 2010 |
1time adds a 5th weekly flight from Johannesburg to Livingstone (expected to be on Saturdays). |
26 Jan 2010 |
Gavin Harrison (COO of Safair Technical) and Sven Petersen (CEO of Safair Technical) resign as directors and employees of all companies in the 1time group. Glenn Orsmond has stepped in as acting CEO of Safair Technical until a new CEO is appointed. Aeronexus Corporate, who's only remaining asset is an operational licence, is sold to Harrison and Petersen in exchange for a cancellation of shareholder loans owed to them (valued at R1.65m), which represented a profit to the remaining negative net asset value of Aeronexus Corporate. |
1 Jan 2010 |
1time begins running its charter service as a division within 1time airline rather than through its subsidiary Aeronexus Corporate (Pty) Ltd (Ito avoid a duplication of overheads). All MD80 world cup charter contracts and aircraft assets are transferred from Aeronexus Corporate to 1time airline. |
26 Nov 2009 |
1time launches Johannesburg to Livingstone flights, with an MD87 aircraft capable of carrying 130 passengers. The flight frequency is 4 times a week on Mondays, Thursdays, Fridays and Sundays. Flight prices start at R897 for a one-way flight (including taxes). 1time competes with British Airways and SAA on the route. |
1 Sep 2009 |
1time launches 1Time Holidays. |
29 Jun 2009 |
JHB-DUR for R309 & R419 everywhere else - 1time Confedup specials. |
25 May 2009 |
The Advertising Standards Authority dismisses a complaint by MS LA Gnirck that she cannot obtain prices at 1time airline's advertised prices. "The main question is whether or not the respondent is able to satisfy the Directorate that the amount of tickets sold indicate that the respondent had reasonable expectation that it could fulfil the demand likely to be created by this advertisement." With 26,000 tickets sold at R395 & more than 7000 tickets at R295, the authority concluded that " The advertising therefore cannot be said to be misleading". |
May 2009 |
Competitions are run giving away 700 Count Pushkin hampers on 1time flights. |
10 Apr 2009 |
A 1time flight 1T829 from Johannesburg to George, which is operated on charter by Safair, makes an emergency landing near Bredasdorp at the Overberg Airforce Base after a “wing flap indication warning” (diverted to Overberg Airforce Base as it has a longer runway than George Airport). |
1 Apr 2009 |
1time increases its Cape Town - Durban flight frequency to 3 times daily. |
12 Jan 2009 |
Ten minutes into 1time flight 1T502 from Port Elizabeth to Johannesburg, the McDonnell Douglas MD82 aircraft emitted 3 loud banging sounds and the plane listed to her side (the plane made an emergency return to PE airport on one engine). Passengers were given a R50 meal voucher and a free return ticket on any local South African 1time flights. |
7 Nov 2008 |
1time flight 1T607 goes off the runway shortly before takeoff from East London to Cape Town. As the aircraft got to the end of the runway and started turning the front wheels left the runway and got stuck in the grass. The plane was scheduled to leave at 1120. According to Rodney James, 1time CEO, "an 80km gust of wind caused the MD83’s nose wheel to come off the tarred portion." Passengers were forced to disembark. |
1 Nov 2008 |
1time pioneers fashion in the sky, when models clad in Ed Hardy labels strut their stuff on a Johannesburg to Cape Town flight. |
12 Oct 2008 |
1time runs a JNB - CPT flight special from R289, and any other route in South Africa from R389. |
9 Oct 2008 |
1time starts hiring out Sony Playstation Portable (PSP) on some of its flights (it has 5 PSPs). The PSPs may be hired out for R60 on a flight. |
12 Sep 2008 |
1time holdings purchases 77.5% of Safair Technical Pty Ltd (conditional on Competition Commission approval) from Ireland’s Aergo Capital for $7,15-million, to be merged with Aeronexus Technical (1time's aircraft maintenance subsidiary). |
Aug 2008 |
Together with AIG insurers, 1time airline is offering passengers travel insurance (initially R25 per sector) to cover passengers against luggage theft & time delays (amongst other things). |
1 Aug 2008 |
A 1time airline plane on its way from Cape Town to Johannesburg is struck by lightning and returns to Cape Town International Airport (nobody is injured). |
19 Jun 2008 |
1time runs a R299 Joburg - Durban flight special and a R329 flight special between most other destinations in South Africa. |
21 May 2008 |
The African National Congress (ANC) teams up with 1time airlines to offer 7.5% discounts on 1time flights for fully paid up members of its Progressive Business Forum. |
29 Apr 2008 |
1time airline advertises May June flight specials. |
4 Apr 2008 |
A 1time airline flight from PE to Joburg turns back after smoke pours out of the air conditioning system. |
1 Apr 2008 |
1time airline releases its results for the year to 31 Dec 2007. |
16 Mar 2008 |
1time flight 1T219 tries twice to take off from Johannesburg for Durban, failing both times, as a result of a compressor problem with one of the engines. |
12 Feb 2008 |
1time and Absa plan to test in-flight banking service on certain flights between from Johannesburg and Cape Town. At first an Absa personal banker will be serving customers on flights, discussing with passengers how Absa can best serve their financial needs, deal with queries and assisting passengers in completing applications. |
14 Nov 2007 |
1time Holding announced that it planned to obtain a 60% stake in Naturelink Aviation. Naturelink Aviation is part ly owned by Safair, a wholly owned subsidiary of Imperial Holdings. |
13 Nov 2007 |
1time airline concludes heads of agreement with Safair in relation to the purchasing of 60% of Naturelink Aviation (Pty) Ltd. |
Nov 2007 |
Inaugural 1time flight from Johannesburg to Zanzibar. |
Sep 2007 |
During the July 2005 South African Airways strike, SAA and verbally agreed that they would pay 1time for helping carry their passengers, and 1time assisted by flying SAA passengers around. For this work, 1time later billed South African Airways about R1,300,000. Unfortuanately, SAA disputes this amount and only paid 1time airways R900,000. Now in September 2007, OneTime is putting in place court actions to sue SAA for the remaining money, and at the same time 1time's CEO - Rodney James - has said that 1time will no longer assist stranded South African Airways passengers. |
14th Aug 2007 |
1Time Holdings lists on the JSE's Alt X exchange. 1Time Holdings operates 1time Airline, 1time Charters and Aeronexus Technical. With the listing, the existing 1Time owners sold 30m shares at R1 and 30m new shares were issued at R1, earning R30m for the owners and raising R30m for 1Time Holdings. |
26 Feb 2004 |
The first 1Time flight is flown from Johannesburg to Cape Town. Initially 1Time airline flew only on the Johannesburg to Cape Town route (and only had one aircraft, a McDonnell Douglas DC-9). |
Jan 2004 |
The first plane tickets are sold. |
27 Feb 2004 |
Together with Gavin Harrison, Rodney James and Sven Petersen, Glenn Orsmond co-founds 1time airline. In the wake of the 9/11 crisis there were a surplus of planes on the world market to kickstart the airline. Glenn Orsmond is the chief executive and the Avstar Group own 15% of 1time. At inception, 1Time had exactly R10m capital (4 of them had R4m and managed to raise another R6m). |
Aug 2003 |
Glenn Orsmond resigns from Comair where he'd spent 10 years. He'd previously been at the original Sun Air for 5 years, and was financial director at Comair for 8 years. |
On Sunday the 31st October 2010, 