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Jakarta Post
The Jakarta Post
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Mandala aims to fly as soon as acquisition is finally closed

  • Esther Samboh

    The Jakarta Post

Jakarta | Mon, September 26 2011 | 08:00 am

PREMIUM New stakeholders of troubled carrier Mandala Airlines expect the restructured airline to fly “soon” after the acquisition transaction with Singapore’s budget airline Tiger Airways and Indonesian strategic investment firm Saratoga Group was finally closed on Saturday.

Saratoga Capital Investment manager Devin Wirawan said Mandala would be back in the air 90 days after the acquisition a...