Saratoga and Tiger Airways to takeover Mandala

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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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.  

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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