BRIEF-Fastjet says in talks with liquidator to buy South African low-cost airline 1time

LONDON Tue Dec 4, 2012 6:22am EST

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LONDON Dec 4 (Reuters) - Fastjet PLC : * Negotiations to buy South African airline 1time * Fastjet in negotiations with liquidator to buy South African low-cost airline

1time * Transaction would involve Fastjet paying a nominal fee for the purchase of

1time airline * Deal would also involve reaching a settlement with the 1time creditors

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