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 · Mandala Airline Suspends Services
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

Mandala Airline Suspends Services

Low-Cost Indonesian Carrier Mandala Suspends Services and Returns Rented Planes, Vowing to Resume Services in 45 Days. 2 Daily Bali Flights Affected.


Bali News: Bail, Indonesia, Mandala Airlines, Closure, Suspension
Click Image to Enlarge

(2/19/2011)

The Indonesian budget carrier Mandala Airlines suspended all flights to 13 domestic and 3 regional destinations effective Thursday, January 13, 2011. The airline has said the closure is “temporary” and only for 30-45 days while the company explores options to deal with mounting debt.

Bisnis.com reports that Mandala is seeking a new investor with fresh capital capable of purchasing 5 new aircraft and renting 5 more to create an armada of 10 planes required to operate a scheduled airline in Indonesia.

President Director, Diono Nurjadin, confirmed that Mandala has returned its remaining fleet of three Airbus 320 and two Airbus 319 to the companies who provided the planes under lease agreements.

The current shareholding of Mandala is comprised 51% by the Indonesian company Cardig International and 49% by the U.S. company Indigo. Diono confirmed that the current shareholding could be diluted by a new investor with fresh cash. “This depends on discussions with candidate investors. There are several names (of new investors), but they can’t be announced at this time,” explained Diono at a press conference announcing the closure on Wednesday, January 12, 2011.

Diono dates Mandala’s strife to March 2010 when leasing companies began demanding the return of aircraft. At its peak, the airline operated 11 aircraft.

An airline spokesman, Nurmaria Sarosa, said one factor that caused problems for Mandala is the high cost of leasing aircraft.

According to Bisnis.com, the airline is seeking debt relief from the Jakarta Courts in order to stave off bankruptcy proceedings. If the current filing is accepted by the Courts, the airline will have 45 days to present a business restructuring plan which, in the case of Mandala, would almost certainly include a new investor.

Many of the airline’s pilots have already been assigned jobs with the Singapore carrier Tiger Airways on a temporary basis until the future course becomes clear.

Diono remains optimistic that sometime within the coming 45 days Mandala will resume commercial flight operations.

Prior to its suspension of operations, Mandala was operating daily flight services from Bali to Yogyakarta and Surabaya. Onward flight connections were available to 11 more domestic and 3 international destinations.


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

       

 
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
Russian Tourists Made of Sterner Stuff
Indonesian Ambassador to Moscow Says Russian Tourists to Bali Unworried by High Alert for Mount Agung
(10/20/2017)
There’s No Place Like Dome
Huge Dome to be Installed at Nusa Dua as Entertainment and Conference Facility
(10/20/2017)
In the Event of a Sudden Loss of Cabin Pressure
Air Asia Flight from Perth to Bali Makes an Emergency Return to Perth
(10/20/2017)
Deer too Dear to be Left Behind
10 Timor Deer Evacuated from Danger Zone Near Mount Agung to Bali Zoo.
(10/20/2017)
Traveler’s Aid
Tourism Academy Students Trained to Staff 10 Hospitality Desks in the Event of Airport Closure by Volcanic Dust
(10/20/2017)
Stop and Declare Yourself
Check Points in Operation in Danger Zones Surrounding Mount Agung
(10/20/2017)
Not Running in Fear
Anindya Bakrie: Herbalife Bali International Triathlon Shows the World that Bali Remains Safe for Holidays
(10/15/2017)
A Triathlon for the Soul
Herbalife Bali International Triathlon Attracts Record Numbers and Record Times
(10/15/2017)
Stay Calm and Look at the Facts
Bali Tourism Board Chairman: Foreign Consuls Asked to Be Moderate and Fair in Assessing and Communicating Safety in Bali.
(10/15/2017)
A Mountain of Debt
Financial Service Authority (OJK) Seeking to Ease Debt Burden of Company’s Affected by Mount Agung Alert Status
(10/15/2017)
Too Many? Too Late?
PHRI Chairman Says Badung Regency Taking Measures to Limit the Building of New Hotel Accommodation
(10/15/2017)
A Bookable Event
Shaping Up to be The Best Ever: 14th Ubud Writers and Readers Festival October 25-29, 2017
(10/15/2017)
All [News]!