1time airline (Johannesburg O.R. Tambo) has entered a binding agreement with Global Aviation Operations (GE, Johannesburg O.R. Tambo) parent, Global Aviation Holdings, and Pak Africa Trade Zone to acquire 100% of the issued share capital of Global Airways for a consideration of ZAR21.6million (USD2.14million). 1Time sees the acquisition as "a viable means of reviving the company due to Global Airways having a successful track record in the aviation industry and a valid Airline Operators Certificate for both scheduled and non-scheduled flights." The restructuring of the Company will enable 1time to operate as a low-cost carrier once again. Global's fleet consists of of two DC-10s, five DC-9-30s and a single MD-82. PAK Africa's aviation division, PAK Aviation, is also a 49% shareholder in 1time Zimbabwe (Harare International), a joint venture with Central Air Transport Services (CEN, Harare Charles Prince) of Zimbabwe.