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When Pak Africa Aviation emerged in 2013 as a potential white knight for 1time Airline, the failed South African carrier, almost nothing was known about the private-equity group fronted by Tabassum Qadir and Javed Malik.
Aside from confirming that investors in Pakistan and Dubai were funding Pak Africa, Qadir and Malik kept a tight lid on the organisational structure of the group – which had ambitious plans not only to resurrect 1time, but to franchise its brand across Africa through a wave of mergers and acquisitions.
Even Erik Venter, the combative chief executive of Comair, South Africa’s largest private carrier, was in the dark about the company...
