Mandala Airlines (Tiger Airways Indonesia) (Jakarta) continues to lose money. As we previously reported, the airline was resurrected on April 5, 2012 as a joint venture between Tigerair (Singapore) (49%) and Saratoga Capital (51%) under the Tigerair brand. According to this report by Jakarta Post, Saratoga will continue to support the Indonesian carrier. There are unconfirmed reports that Tigerair will leave the joint venture.
Mandala suspended nine routes last month as it tries to cut its losses. The airline blamed high fuel costs.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A320-232 PK-RMQ (msn 5335) approaches the runway at Bangkok. Under the joint venture, Mandala removed its very colorful Mandala logo on the tail and instead adopted Tiger stripes on the tail. It is still operating under the Mandala name but under the Tigerair low-fare business plan.
Mandala Airlines (Jakarta) reactivated its AOC last month after Tiger Airways (Singapore) completed its acquisition of the 33 percent of the stock in January. Tiger has already leased Mandala two Airbus A320s. Operations will restart as Tiger Airways Indonesia in April 2012 according to this report by Reuters.