Tourism Industry News
Will Mandala Airlines take-off again?
27/01/2011 10:53
Indonesia's air transport is on the verge to lose another airline. Mandala Airlines, the country's sixth largest carrier, grounded all of its aircraft a week ago as the carrier tries to settle its spiraling debt.
The airline's management indicates that it now negociate with new investors a cash injection. Among the shareholders of Mandala are IndiGO Partners, a US group of investors which entered into the capital in 2006. IndiGO is also present in the capital of low cost carrier Tiger Airways in Singapore and in US budget Airline Spirit Airways.
Get the full story at: eturbonews
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