Tiger Airways (Singapore) has finalized its acquisition of a 33 percent share in the grounded Mandala Airlines (Jakarta), becoming the second largest shareholder after the Saratoga Group (51.3 percent). The creditors and previous owners will hold the remaining 15.7 percent share.
Mandala will resume operations this year under the Tiger Airways low-cost model according to this article by The Economic Times.
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Copyright Photo: John Adlard. This intricate Mandala design will fade into aviation history as the renewed carrier will also adopt the Tiger Airways brand.