Central Air Transport Services (CEN, Harare Charles Prince) has reportedly sold a 49% stake to Johannesburg-based Pakistani firm, PAK Aviation Africa, who intend to use the acquisition, in conjunction with a proposed ZAR15million (USD1.5million) buy out of defunct South African LCC, 1time airline (Johannesburg O.R. Tambo), to establish a regional hub out of Harare International. According to BusinessDay, the Pakistani group said its offer of ZAR15million for the listed holding company had been agreed to "in principle" by 1time's board and 60% of its shareholders. PAK's business plan has now been submitted to the Johannesburg Stock Exchange (JSE) for consideration. The group had initially wanted to buy what remained of 1time, but with more than ZAR450million in debt and an outdated fleet, the idea was abandoned. PAK now plans to revive 1time (likely as a brand) using an intra-regional hub out of Harare, in partnership with Oscar Madombwe, a pilot and former acting CEO of Air Zimbabwe, who owns 51% of CATS. Central Air Transport Services was at one time based out of Harare Charles Prince Airport and specialized in safari charter operations and flights from Harare to Vilanculos, Mozambique using Cessna 208B Grand Caravans, Piper Navajos and single prop Cessnas. CATS is said to have secured rights to various lucrative domestic, regional and international routes, usually the preserve of state-backed national carrier, Air Zimbabwe (UM, Harare International), which include Harare to Bulawayo, Victoria Falls, Beitbridge, Chiredzi, Masvingo and Mutare. Regional and longhaul rights include Johannesburg O.R. Tambo, Luanda 4 De Fevereiro, Lusaka, Lilongwe International, Dar es Salaam, Nairobi Jomo Kenyatta, Maputo, London Gatwick and Frankfurt International. A spokeswoman for PAK stated initial flights would be to Johannesburg where the group has secured 28 monthly frequencies but gave no launch dates.