TIGER Airways, which purchased a 33 per cent stake in Mandala Airlines last September (TTG Asia e-Daily, September 28, 2011), expects the Indonesian carrier’s air operator’s certificate to be reactivated next month and services to resume in April.
The Singapore-based LCC explained in statement that its investment in Mandala, held through a wholly owned subsidiary, Roar Aviation, was part of its regional expansion strategy.
“Mandala is the first of Tiger Airways’ joint venture ‘cubs’ and represents a significant step in our efforts to expand our ‘paw print’ in this region,” Tiger Airways Holdings CEO, Chin Yau Seng was quoted by Agence France-Presse as saying.
