TIGER AIRWAYS HOLDINGS LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number: 200701866W

PT MANDALA AIRLINES SUCCESSFULLY REACTIVATES ITS AIR OPERATOR'S CERTIFICATE Singapore, 21 February 2012. Tiger Airways Holdings Limited ("Tiger Airways") is pleased to announce that PT Mandala Airlines ("Mandala's") Air Operator's Certificate has been reactivated by the Indonesian Director General of Air Communications. Mandala's AOC had been frozen since the suspension of its operations in January 2011.

In January 2012, Tiger Airways completed its 33.0% investment in Mandala, which is held through its wholly-owned subsidiary, Roar Aviation Pte. Ltd. The largest shareholder in Mandala is the Saratoga group, which holds a 51.3% stake. The remaining 15.7% is held by the previous shareholders and creditors of Mandala.
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.
The restructured airline will adopt the Tiger Airways business model, and plans to offer low fare travel to international and domestic Indonesian destinations within a 5-hour flying radius. Like other airlines in the Tiger Airways Group, the restructured airline will also operate Airbus A320 aircraft.

ABOUT TIGER AIRWAYS HOLDINGS LIMITED (SGX: J7X)

(Company Registration Number: 200701866W)

(incorporated with limited liability in the Republic of Singapore on 1 February 2007)

Established in September 2004, Tiger Airways, together with its associated airlines, operates a fleet of 32 Airbus A320 aircraft and is committed to increasing its fleet size to 68 by December 2015. In addition, 2 Airbus A319 aircraft are independently operated by SEAIR in the Philippines under a Partner Airline Programme.
For more information, please visit www.tigerairways.com.

ABOUT SARATOGA GROUP

Established in 1998, Saratoga is a leading investment firm in Indonesia. Saratoga's business interests span natural resources, energy, infrastructure, telecommunication, and consumer goods.

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Ce noodl a été diffusé par Tiger Airways Holdings Limited et publié initialement sur http://www.tigerairways.com. Il a été distribué par noodls le 2012-02-21 03:39:25 AM sans aucune modification. L’émetteur est seul responsable de l’exactitude des informations fournies.