1time airline (Johannesburg O.R. Tambo) and its MRO sister company, Jetworx, who collectively form the now bankrupt 1time Holdings, have been thrown a potential life by PAKAfrica Aviation, a Pakistan-based aviation group with Middle Eastern interests in aerospace and aviation. According to South African news reports, the Pakistani outfit has made an offer to buy a USD1.5million (ZAR15million) controlling stake in the holding company though liquidators claim the necessary documents needed to verify PAKAviation's financial footing have yet to be received. Despite a hefty debt of USD45million, 1time still presents an attractive option to foreign investors who eye its operating licences and listing on the Johannesburg Stock Exchange. Previously courted by Fastjet (Dar es Salaam), any prospect of a deal with 1time have cooled substantially following fastjet's recent tie up with Federal Airlines (South Africa) (7V, Johannesburg O.R. Tambo). As a result, liquidators have applied to have 1time Holdings' final liquidation date brought forward from October 3.