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Jakarta Post

Mandala aims to fly as soon as acquisition is finally closed

  • Esther Samboh

    The Jakarta Post

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

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 and that Mandala was now carrying out the final restructuring phase: securing an air operator certificate (AOC) from the Transportation Ministry.

“I have no details about the application process with the ministry. To my knowledge, the application has not been sent yet. However, talks are taking place,” Devin said.

Devin said that the new stakeholders had not decided whether to continue using the brand name “Mandala”, which has been popular in the country, or change it to ...