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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

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
Advanced Dance Lessons for Healing Fingers
12-Day Comprehensive Massage Course from Jari Menari September 17-24, 2018
(1/21/2018)
Welcome the Earth Dog!
The Laguna at Nusa Dua Celebrates Chinese Lunar New Year with Banquets and High Teas February 9 – 17, 2018
(1/21/2018)
Incorrect Rectal Retention
Russian Tourist Caught with Commercial Quantities of Hashish at Bali’s Airport
(1/21/2018)
An Evening of Music Not to be Missed
An Evening of World Class Piano, Viola, and Voice at Padma Resort Legian on Sunday, February 4, 2018
(1/21/2018)
When Indonesia’s Dragons Become Too Popular
Beyond Bali: Government to Set Maximum Visitor Limits in 2018 at Komodo National Park
(1/21/2018)
COMO Uma Canggu to Open in February 2018
Bali Property will be the 14th COMO Property Worldwide and First Seaside Resort Among 3 Island Properties
(1/21/2018)
‘Oh!’ said Pooh.
Bali Zoo Home to a Newborn Honey Bear
(1/21/2018)
Construction Zone Ahead
Underpass Update: Expect Delays on Northbound Travel Between Jimbaran and Bali Airport During January-February 2018
(1/21/2018)
ARTOTEL for Hope
ARTOTEL Sanur Raises Funds for Bali’s Schizophrenia Community.
(1/21/2018)
25 Years of Helping the Community
Join the 25th Anniversary of Rotary Club Nusa Dua on Saturday, February 3, 2018
(1/21/2018)
No Parking in the Name of the Law!
Additional Steps Underway to Ensure Compliance with New Traffic and Parking Rules in Ubud, Bali
(1/21/2018)
Return to the Elements
Ubud Prepares for Royal Cremation on Friday, March 2, 2018 of Anak Agung Niang Agung
(1/21/2018)
All [News]!