Mandala Airlines comeback

Victoria
By Victoria March 26, 2012 15:33

Mandala Airlines comeback

Mandala Airlines plans to resume their flight services on April 4 after financial woes halted operations in January last year.“We recently issued Mandala’s Air Operator Certificate [AOC] and they are ready to fly on April 4,” Transportation Ministry spokesman Bambang Ervan told The Jakarta Post on Saturday. Bambang said that the AOC was given to Mandala’s top management on Wednesday after an AOC review process that lasted four months. The airline will operate 10 new A320 aircraft this year on the same routes as before the suspension: Jakarta–Singapore, Jakarta–Balikpapan, Balikpapan–Singapore, and Denpasar–Singapore. However, as the airline will only operate two aircraft in the first month of operation, it will offer limited flight service: Jakarta–Singapore–Medan–Singapore–Jakarta, and Jakarta–Singapore–Denpasar–Jakarta. Mandala has undergone a financial restructuring process in accordance with Indonesian law after the suspension of its operations last year.

The largest shareholder in the restructured Mandala is the Saratoga Group, which holds a 51.3% stake, followed by Singapore based Tiger Airways Holdings, which holds a 33% stake, while the remaining 15.7% is held by the previous shareholders and creditors of Mandala.

The restructured airline plans to offer low-fare travel to international and domestic Indonesian destinations located within a five-hour flying radius.

Victoria
By Victoria March 26, 2012 15:33
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