1time

1Time is a low-cost airline based in Kempton Park, Gauteng, Johannesburg, South Africa. It operates scheduled domestic services. Its main base is OR Tambo International Airport, Johannesburg, with hubs at Durban International Airport, East London Airport and Cape Town International Airport.

History
The founders owned an aviation holding company, Afrisource Holdings, through which they owned Aeronexus, an aviation company that offered various aircraft services (and currently performs maintenance for 1Time). After 9/11, with the resultant depression in the aviation business making planes available cheaply, they saw the opportunity to start a low-cost airline.[citation needed]

1Time commenced ticket sales in January 2004, and started flying on February 25, 2004, with three daily return flights between Johannesburg and Cape Town International Airports. It was founded by four entrepreneurs, Gavin Harrison, Glenn Orsmond (Chief Executive), Rodney James and Sven Petersen.

The Avstar Group has acquired a 15% shareholding in 1Time Holdings and under the deal the airline will lease two additional 157-seat McDonnell Douglas MD-83 aircraft from the Group. 1Time carried over a million passengers in 2006 on services to eight destinations.

The airline is owned by Afrisource Holdings (50%), MKJH Trust (30%) and Mogwele Investments (20%).

1Time Holdings made an IPO on the Johannesburg Securities Exchange (JSE) on 14 August 2007.