Close
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 · Mandala Airline Suspends Services
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

Mandala Airline Suspends Services

Low-Cost Indonesian Carrier Mandala Suspends Services and Returns Rented Planes, Vowing to Resume Services in 45 Days. 2 Daily Bali Flights Affected.


Bali News: Mandala Airline Suspends Services
Click Image to Enlarge

(2/19/2011)

The Indonesian budget carrier Mandala Airlines suspended all flights to 13 domestic and 3 regional destinations effective Thursday, January 13, 2011. The airline has said the closure is “temporary” and only for 30-45 days while the company explores options to deal with mounting debt.

Bisnis.com reports that Mandala is seeking a new investor with fresh capital capable of purchasing 5 new aircraft and renting 5 more to create an armada of 10 planes required to operate a scheduled airline in Indonesia.

President Director, Diono Nurjadin, confirmed that Mandala has returned its remaining fleet of three Airbus 320 and two Airbus 319 to the companies who provided the planes under lease agreements.

The current shareholding of Mandala is comprised 51% by the Indonesian company Cardig International and 49% by the U.S. company Indigo. Diono confirmed that the current shareholding could be diluted by a new investor with fresh cash. “This depends on discussions with candidate investors. There are several names (of new investors), but they can’t be announced at this time,” explained Diono at a press conference announcing the closure on Wednesday, January 12, 2011.

Diono dates Mandala’s strife to March 2010 when leasing companies began demanding the return of aircraft. At its peak, the airline operated 11 aircraft.

An airline spokesman, Nurmaria Sarosa, said one factor that caused problems for Mandala is the high cost of leasing aircraft.

According to Bisnis.com, the airline is seeking debt relief from the Jakarta Courts in order to stave off bankruptcy proceedings. If the current filing is accepted by the Courts, the airline will have 45 days to present a business restructuring plan which, in the case of Mandala, would almost certainly include a new investor.

Many of the airline’s pilots have already been assigned jobs with the Singapore carrier Tiger Airways on a temporary basis until the future course becomes clear.

Diono remains optimistic that sometime within the coming 45 days Mandala will resume commercial flight operations.

Prior to its suspension of operations, Mandala was operating daily flight services from Bali to Yogyakarta and Surabaya. Onward flight connections were available to 11 more domestic and 3 international destinations.


© 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
Murder at Bali Emerald Villas in Sanur, Bali
Long-Time Bali Resident Bob Ellis Murdered in What Police Believe was Murder-for-Hire Scheme Orchestrated by His Wife, Noor Ellis
(10/24/2014)
Fighting Malaria in Bali
Denpasar Health Officials Undertake Educative Steps and Fogging to Prevent Upswing in Dengue Fever Cases
(10/24/2014)
November Fuel Price Hike Increasingly Certain
Kompas.com Reports Premium Fuel Prices to Increase 46% on November 1, 2104
(10/24/2014)
Harmony Inside
A Solo exhibition by I Made Wiradana, "Harmony Inside" November 20 - December 18, 2014 at Ganesha Gallery – Four Seasons Resort Jimbaran
(10/24/2014)
Living in an Age of Contagion
Bali Isolates Patient Suspected of Contracting MERS-CoV
(10/24/2014)
Denpasar to Dili Daily
Garuda Starts Daily Flights between Bali and Timor Leste
(10/24/2014)
Picking Fave – orites
Archipelago International Opens 5th Favehotel in Bali
(10/24/2014)
Bali and Beyond: Reading on Borneo
Bookshelf: 'Looking for Borneo' – Insights into the Endless Beauty of the World’s Third Largest Island
(10/24/2014)
Adolescent Desires
Australian Philip Robert Grandfield Deported to Australia After Six Years in Prison on Pedophilia Conviction
(10/24/2014)
Change Has Gotta Come
Putting Bali’s Illegal Moneychangers Out of Business
(10/24/2014)
It’s Beginning to Look a Lotte Like Christmas
BIWA Christmas Bazaar at Lottte Mart Saturday, November 16, 2014
(10/24/2014)
Heinz's 100 Varieties of Indonesian Cuisine
Bookshelf: A New Approach to Indonesian Cooking by Heinz von Holzen
(10/20/2014)
All [News]!