Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · TigerAir Mandala to Close July 1, 2014
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

TigerAir Mandala to Close July 1, 2014

Indonesian Low-Cost Tigerair Mandala Closes Blaming High Operating Costs and Depreciating Rupiah


Bali News: TigerAir Mandala to Close July 1, 2014
Click Image to Enlarge

(6/21/2014)

Indonesian Air Carrier Tigerair Mandala has announced that they will cease operations effective July 1, 2014, blaming high operating costs and the depreciation of the Indonesian Rupiah as major contributing factor in their closure.

Quoted by the State News Agency Antara, the chief commissioner of PT Mandala Airlines, Jusman Syafi Djamal, issued a written statement on Wednesday, June 18, 2104, saying, “Excess capacity of the airline in comparison with the demand for seats and the weak trading value of the Rupiah that has declined 20% since early 2013 have significantly increased the operating costs of Mandala.”

The Indonesian carrier has consistently sustained losses since it began operating in April 2012.

A difficult operating environment for low-cost airlines and Mandala’s growing losses have dissuaded the airline’s shareholders from providing continuing economic support.

“We have tried to find a number of solutions to allow continued operations, including discussions with new strategic partners and new investors,” explained Jusman.

He went on to say that the airline and its shareholders are in the midst of discussing steps that will permit the settlement of financial obligations of the airline to its employees and creditors

On a more personal level, Jusman said: “We deeply regret having to take this decision and apologize to our employees and their families, our passengers, and all our partners for the inconvenience this decision has created. The Commissioners also issues its thanks to passengers, the government, airport officials and the purveyors of other services for their support in the past.”

Tigerair Mandala will operate its last flight in the form of RI 545 flying from Hong Kong to Denpasar on July 1, 2014 that will depart Hong Kong at 2:35 am. There will be no other flights operated by the airline on that date or thereafter.

Passengers holding tickets on Tigerair Mandala for flights that will no longer operate should visit the Tigerair website or telephone ++62-(0) 21-2939-6688 that will continue to be staffed until July 31, 2014.

Related Articles

Tiger Vanishing in Thin Air

How Do You Dismount a Tiger?


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
UBUD WRITERS & READERS FESTIVAL
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Arresting Drug Development
Denpasar Police Conduct Raids on Suspected Narcotics Dealers
(8/17/2014)
A Day and Night at the Museum
Morning Coffee at The Museum and Charity Dinner – August 30, 2014
(8/17/2014)
Kura Kura: New Local Travel Option in Bali
Bali Introduces New Kura Kura Shuttle Bus System for Tourist Visitors
(8/17/2014)
Bali Prepares to Fight Ebola
Classed as a Worldwide Epidemic by the WHO, Bali Puts Measures in Place to Handle Suspected Ebola Patients
(8/17/2014)
New Road for Tanjung Benoa?
Talks Continue on Construction of a Tanjung Benoa Ring Road in Bali’s South
(8/17/2014)
Leave it to a Professional
Tourism Leaders Call for their Next Minister to be Drawn from Circle of Professional Tourism Practitioners
(8/17/2014)
Mind Your “Qs” and “Pees”
Bali Tourism Transport Drivers Undergo Surprise Urinalysis
(8/17/2014)
Bless our Beasts
Bali Safari & Marine Park Seeks God’s Blessing on ‘Tumpek Kandang’ – a Day Dedicated to Animals
(8/17/2014)
Those in Peril on the Sea
2 Passengers Missing from Sunken Tourist Vessel Near Komodo Island
(8/17/2014)
Konnichiwa and Selamat Datang
Japanese Announce Visa-Free Policy for Indonesian Nationals; Indonesia Taking Steps to Reciprocate
(8/17/2014)
Medical Law and Ethics
World Association on Medical Law to Meet in Nusa Dua , Bali August 22-24, 2014
(8/17/2014)
A Great Notion for a Great Nation
Balidiscovery.com Shares its Thought on 69 Years of Indonesian Nationhood.
(8/17/2014)
All [News]!
 
Tourism and Transport Tourism Agents