Saratoga and Tiger Airways to takeover Mandala

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Troubled airline Mandala, grounded due to financial reasons since January, will get an influx of cash and experience from a partnership between Saratoga Capital and Tiger Airways.  Saratoga will control a 51% stake in Mandala, with Tiger holding 33% and the rest belonging to the fledgling company’s creditors.  Flights should re-commence soon.

Saratoga hopes that Tiger’s experience in the low-cost carrier industry in Asia combined with Indonesia’s unique island nation will propel bookings to sustainable numbers.

 

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Reading Time: 1 minute

Troubled airline Mandala, grounded due to financial reasons since January, will get an influx of cash and experience from a partnership between Saratoga Capital and Tiger Airways.  Saratoga will control a 51% stake in Mandala, with Tiger holding 33% and the rest belonging to the fledgling company’s creditors.  Flights should re-commence soon.

Reading Time: 1 minute

Troubled airline Mandala, grounded due to financial reasons since January, will get an influx of cash and experience from a partnership between Saratoga Capital and Tiger Airways.  Saratoga will control a 51% stake in Mandala, with Tiger holding 33% and the rest belonging to the fledgling company’s creditors.  Flights should re-commence soon.

Saratoga hopes that Tiger’s experience in the low-cost carrier industry in Asia combined with Indonesia’s unique island nation will propel bookings to sustainable numbers.

 

Do you like this post?
  • Fascinated
  • Happy
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