Indonesia’s Mandala Airlines Cleared to Fly Again
February 21, 2012
Indonesian carrier Mandala Airlines has been cleared to fly. (JG Photo/File) Related articles
Indonesia's Trigana Airlines Yet to Resume Flights to Mulia After Shooting 7:02pm May 21, 2012
Garuda Offers 25% Discounts for Students From 17 Indonesian Schools 3:53pm May 16, 2012
Indonesia Airline Boom Raises New Safety Questions 3:53pm May 13, 2012
Russia to Hold Jakarta Road Show to Promote ‘All-New’ Civilian Sukhoi Jets 8:46am May 9, 2012
Mandala Looks to Spread Wings Beyond Indonesian Airspace 10:44pm May 7, 2012
Post a comment
Please login to post comment
Comments
Be the first to write your opinion!
Singapore. Indonesian carrier Mandala Airlines has been cleared to fly after being grounded for a year due to massive debt, its second-biggest shareholder Tiger Airways said Tuesday.
“Tiger Airways Holdings Limited is pleased to announce that PT Mandala Airlines’ Air Operator’s Certificate has been reactivated by the Indonesian Director General of Air Communications,” the Singapore budget carrier said.
“Information regarding the number of aircraft, the initial routes and destinations for Mandala will be announced soon. The resumption of flights is scheduled for April 2012.”
Mandala Airlines’ clearance to fly culminated a year of financial restructuring after the carrier was grounded in January 2011 due to its enormous debt.
As a result of the restructuring, Indonesian investment company Saratoga Group holds a majority 51.3 percent stake, with Singapore budget carrier Tiger Airways owning 33.0 percent through wholly-owned subsidiary Roar Aviation Pte Ltd.
The remaining 15.7 percent stake will be held by Mandala’s previous shareholders and creditors.
Mandala Airlines -- which was owned by the Indonesian military until 2006 when private investors took over -- will adopt Tiger Airways’ low-cost carrier model and will use Airbus A320 aircraft in its fleet.
It aims to fly within Indonesia and to international destinations within a five-hour flying radius.
Agence France-Presse
- Indonesia ‘Most Tolerant Country in the World’: Religious Minister
- Ask Atheists, Christians, Shiites and Ahmadis: Indonesia Is No Model for Muslim Democracy
- Indonesian Maid Spiked Boss' Coffee With Her Menstrual Blood
- Jakarta Police Would Dispatch Up to 4,000 Officers for Lady Gaga Show
- Hard-Line FUI Says Lady Gaga Promoter Offered it a Bribe
- When in Singapore, Act Like a Singaporean
- FUI: 'Christians Should be Upset With Gaga'
- More Muslim Groups Demand Cancellation of Lady Gaga’s Jakarta Show
- Australia’s Corby Gets Five-Year Sentence Cut
- Indonesia Wilts as Deforestation Moratorium Loopholes Go Unaddressed
-
2:41pm | Ethnic and Religious Criteria ...
seny... niave is all I can say ... -
2:37pm | FUI: 'Christians Should be Ups...
Sorry to disappoint you FPI, we christians are not like you. We prefer freedom and peace over violence. That sounds weird to you, isn't it?? -
2:35pm | House Budget Committee Deputy ...
so he gets to resign before the questions start flying - therefore he cannot be touched for previous wrongdoings??!! This country just gets worse b -
2:32pm | Ask Atheists, Christians, Shii...
@SirIndoChinese. Well said. You're a breath of fresh air in this usually contankerous forum. Good for you. -
2:26pm | Indonesia ‘Most Tolerant Count...
I just choked upon reading this headline. On my own laughter. -
2:25pm | Indonesia ‘Most Tolerant Count...
if Suryadharma Ali said that Indonesia is the "Most tolerant country in the world" then kim kardashian is also attracted to him. What a joke! Wha -
2:24pm | Singapore Cabby Jailed for Mol...
Good to see the maid stand up for her rights and the Singaporean justice system deal with this swine in an appropriate manner. -
2:16pm | President's Son Nearly Attacke...
You reap what you sow. The people aren't as stupid as the ruling class would wish. Maybe the mob were looking for the missing funds from Century b
