PT Mandala Airlines successfully reactivates its air operator’s certificate
21-Feb-2012 Tiger Airways Holdings Limited ("Tiger Airways") is pleased to announce that PT Mandala Airlines ("Mandala's") Air Operator's Certificate has been reactivated by the Indonesian Director General of Air Communications. Mandala's AOC had been frozen since the suspension of its operations in January 2011.
In January 2012, Tiger Airways completed its 33.0% investment in Mandala, which is held through its wholly-owned subsidiary, Roar Aviation Pte. Ltd. The largest shareholder in Mandala is the Saratoga group, which holds a 51.3% stake. The remaining 15.7% is held by the previous shareholders and creditors of Mandala.
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.
The restructured airline will adopt the Tiger Airways business model, and plans to offer low fare travel to international and domestic Indonesian destinations within a 5-hour flying radius. Like other airlines in the Tiger Airways Group, the restructured airline will also operate Airbus A320 aircraft.