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 · Saved from Extinction by 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

Saved from Extinction by a Tiger

Mandala Airlines to Fly Again Under a Deal Struck with Singapore's Tiger Airways and Indonesia's Saratoga Group.


Bali News: Indonesia, Mandala Airlines, Tiger Airways, Saratoga Group, Sandiaga Uno
Click Image to Enlarge

(5/21/2011)

The Jakarta Globe reports that Indonesia's Mandala Airline has been rescued from oblivion by Tiger Airways of Singapore the Saratoga Group - an Indonesian strategic investment company.

Tiger Airways announced the deal via the Singapore Stock Exchange on Thursday, May 19, 2011, under a deal that see Tiger take control of 33% of Mandala's shares and the Saratoga Group assuming a majority shareholding of 51%. Under the deal, 15% of the remaining shares are in the hands of creditors and the remaining 1% with Cardig International who co-founded the Airline.

Tiger Airways told the Singapore exchange that the re-launched Mandala will fly Airbus A320 aircraft on domestic Indonesian air routes.

Sandiaga Uno, the founder of Saratoga Group, said he is bullish on the deal, believing the Indonesian aviation sector still held plenty growth potential. Adding, "by partnering with Tiger Airways, an established Asian low-cost carrier, the new Mandala will be able to leverage on Tiger's existing infrastructure, resume flying quickly and offer reliable and affordable services to its customers."

Mandala ceased operations in January, unable to address Rp. 2.4 trillion (US$281 million) in debt. Averting bankruptcy by converting debt into equity, Mandala began a search for a suitable partner who could provide both the capital and the aircraft to resume flight operations.

Indonesian law requires that all scheduled commercial airlines must maintain an armada of 10 aircraft, 5 of which are owned by the airline.

Related Articles

[Mandala: Seeking to Soar Again]

[Mandala Airlines: Cleared for Take Off?]

[Mandala Airline Suspends Services]


© 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
Ending Aids Together
Bali Holds Nighttime Rally to End AIDS
(5/20/2017)
Caught in the Act
Police Arrest Security Guard and Tour Guide in Airport Security Sting in Bali
(5/21/2017)
Illegal Workers in Bali
Bali Immigration Authorities Arrest Four Mainland Chinese Working Illegally in Downtown Denpasar
(5/20/2017)
A Compound Sentence
Australian Sara Connor Has Sentence for Murder of Balinese Cop Increased on Appeal
(5/20/2017)
Death at Nusa Lembongan
Chinese Tourist Dies After Snorkeling Outing at Nusa Lembongan
(5/20/2017)
Smooth as Silk at the Inna Grand Bali Beach
Thai Airways Inaugurates Remodeled Premises at Inna Grand Bali Beach Hotel
(5/21/2017)
Series of small Earthquakes in North Bali
Series of Mini-Earthquakes Cause Limited Damage at Tejakula, North Bali
(5/20/2017)
Fly and Re-tire
Lion Air Tire Failure on Landing at Jakarta’s Soekarno-Hatta Airport Prompts Call for Safety Review
(5/21/2017)
Luca is Now ‘Buka’ in Bali
Bvlgari Il Ristorante –Luca Fantin Opens at Bvulgari Resort Bali
(5/21/2017)
Limits to Growth
Tourism Association Says Urgent Need for More Carrying Capacity at Bali Airport
(5/20/2017)
The Flip Side of Being a Fisherman in Bali
Bali Fisherman Complain Growing Dolphin Populations are Seizing their Catches
(5/20/2017)
Sanur Awash with Large Snakes
3 Large Snakes Discovered in a Single Week in Sanur Area of Bali
(5/21/2017)
All [News]!