21 Feb '12, 6am

Indonesia's Mandala Airlines cleared to fly again

Indonesian carrier PT Mandala Airlines has been cleared to fly after being grounded for a year due to massive debt, according to its second-biggest shareholder, Tiger Airways . "Tiger Airways Holdings Limited is pleased to announce that PT Mandala Airlines' Air Operator 's Certificate has been reactivated by the Indonesian Director General of Air Communications ," the Singapore budget carrier said. "Information regarding the number of aircraft, the initial routes and destinations for Mandala will be announced soon. The resumption of flights is scheduled for April 2012." Mandala Airlines ' clearance to fly culminated a year of financial restructuring after the carrier was grounded in January 2011 due to its enormous debt. As a result of the restructuring, Indonesian investment company Saratoga Group holds a majority 51.3 percent stake, with Singapore budget carrier Tiger Ai...

Full article: http://sg.news.yahoo.com/indonesias-mandala-airlines-clea...

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