Tigerair Mandala to shut down, last flight on July 1
Published on Jun 18, 2014 5:59 PM
SINGAPORE - Tigerair Mandala will cease operations on July 1.
In an announcement on Wednesday, Singapore budget carrier Tigerair which owns 36 per cent of the Indonesian carrier said the decision was made amid tough operating conditions.
After exploring various options, Mandala's shareholders including the Saratoga Group and PT Cardig International decided the airline would not be able to sustain its operations.
"As a result, they have decided to cease funding the airline" Tigerair said.
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