Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · How Do You Dismount a Tiger?
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

How Do You Dismount a Tiger?

Tiger Airways Warns it May Close Tiger Mandala Indonesian Operation if Financial Performance Does not Improve this Year

Bali News: Tiger Mandala Airlines, Tiger Airways, Cebu Airways, closure
Click Image to Enlarge


Reuter’s reports that Singapore-based Tiger Airways is saying that it will sell or close its Indonesian joint-venture with Mandala Airlines unless the airline shows signs of a strong turnaround before the end of 2014.

PT Mandala Airlines resumed flight operations in 2012 after an extended grounding during which the company was restructured and Tiger purchased a one-third share.

later upped its shareholding giving 51% shareholding to Tiger and the Indonesian private equity form Saratoga.

The newly formed Tiger Mandala Airways managed to lose US$31.6 million in the period April-December 2013. And Tiger and Saratoga are reportedly unprepared to invest more in the airline without proof that a financial turnaround is underway.

Tiger Mandala suspended nine routes in February, effective closing 40% of its flight operations in an effort to stop the financial hemorrhaging at the airline.

Tiger has demonstrated its ability to make tough financial decisions as demonstrated by its decision in January to sell its state in the Philippine carrier Cebu Pacific that was also under performing financially.

Related Article

Flying in Thin Air

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Plaga Wine
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
The Jewel of Baliís North Shore
The Lovina Bali - the Way Luxury in North Bali was Meant to Be
We Get Mail
Readers Respond to Coverage of an Aging Dokar Driver and Express Concerns About Island's Overdevelopment
Two Strikes . . .
Lightning Strike Kills Two Farmers in West Bali
Don't Be Gone in a Flash! Shares Safety Tips for Motorcyclists and Other Outdoor Sports Enthusiasts on What to Do When Lightning Strikes
Optimistic About Baliís Economy in 2016
Bank Indonesia Predicts 6.53% Economic Growth and Inflation of 2.98% for Bali in 2016.
An Official Check Up
9 Foreign Workers Examined in Immigration Inspection of Bali Health Services Provider
Balancing Baliís North and South
BTDC Exploring a Second Nusa Dua Style Complex for North Bali
Playing Possum on the Death Penalty
Indonesian Coordinating Minister Accused of Sending Mixed Signals on Plans for Imminent Executions
Bali Hai Cruises Sailing into the Future
Bali Hai Cruises Awards Contract for Design of a New Day Vessel for their Bali-based Cruise Operation
Love Among Island Republics
TripAdvisor: Singapore Travelers Picking Bali as their Top Holiday Destination for Q1 2016
All Roads do Not Necessarily Lead to Mecca
Bali Rejects Moves to Promote Island as Syariah Tourism Destination
Keeping Things Equal
Garuda Indonesia Charged with Sex Discrimination by its Female Cabin Crew
All [News]!