Johannesburg - The decision by 1Time airline to file for liquidation and ground all of its flights has been described as sad and regrettable. Solomon Makgale, spokesperson for Airports Company SA (Acsa) said it is regrettable that no final business rescue plan was put before the creditors for consideration. The low-cost carrier announced yesterday that it had applied for business liquidation, and that all of its flights had been grounded. The firm has about R320 million in short-term debt and had been in negotiations with creditors since March. Hundreds of frustrated passengers were yesterday left stranded:

Sapa;Jacaranda 94.2