Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
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 balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
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

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
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

(3/10/2014)

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.

Tiger
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 http://www.balidiscovery.com.

       

 
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
Bali’s Better on a Bike
Denpasar, Bali to Host International Cycling Road Race November 25-27, 2017
(9/23/2016)
Reading & Writing Celebrated for 13th Year at Bali Festival
Humanity in Unity at the 2016 Ubud Writers & Readers Festival October 26-30,2016
(9/23/2016)
Averting an Explosive Ending?
30 Tons of Explosive Ammonium Nitrate Seized from Boat Sailing from Malaysia to East Bali
(9/23/2016)
Denpasar in a Jam
WAZE Declares Denpasar, Bali Traffic Among the World’s Worst
(9/23/2016)
Did Franky Commit of Hanky-Panky?
Head of Narcotics Division at Bali Police Suspended and Under Arrest on Suspicion of Misuse of Funds and Extorting Drug Suspects
(9/23/2016)
A Family of Rhinos in Bali
Celebrating World Rhino Day with a Very Special Group of Children at Bali Safari & Marine Park
(9/23/2016)
Prepare for Congestion
Traffic Alert: Expect Traffic Jams on Wednesday, September 29, 2016, Due to Online Transport Operators Mass Protests
(9/23/2016)
It’s Beginning to Look Alot Like Christmas
Now’s the time to Book your Holiday Season Promotion with Bali Discovery!
(9/18/2016)
Gili Cat II Fast Ferry Disaster
Two Confirmed Dead and 33 Injured in Bali Fast Ferry Accident at Padang Bai
(9/18/2016)
The Importance of Bee-ing
Island-Wide Initiative Launched to Reverse the Declining Bee Populations in Bali and all of Indonesia
(9/18/2016)
Simple Truths, Plainly Spoken
Chairman of Bali-APINDO Suggest Bali’s Tourism Development is Badly Out of Synch
(9/18/2016)
By Design, Annually
Ayodya Resort Bali to Hold ‘Ayodya Batik Festival 2016’ October 7-9, 2016
(9/18/2016)
All [News]!