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Mandala Airlines

Mandala Airlines
Airline
AirlineMandala Airlines
IATARI
ICAOMDL
CallsignMANDALA
FoundedApril 17, 1969
Ceased operationsJanuary 13, 2011
Airline hubSoekarno-Hatta International Airport
Secondary hubsJuanda International Airport
Focus cities
Member loungeMandala Priority
AllianceTransNusa
Fleet size8 (25 orders)
Destinations20 (17 Domestic,3 International)
Parent company
* PT Saratoga Investama Sedaya (51%) * Tiger Airways Holdings Limited (33%) * Creditors (16%)
Headquarters
33-37 Jalan Raya Tomang
Grogol Petamburan
West Jakarta
Key peopleDiono Nurjadin (President Director)

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Mandala Airlines is a low-cost airline headquartered in the Mandala Airlines Building in West Jakarta, Jakarta, Indonesia. Mandala operated scheduled services to 3 international and 17 domestic destinations, used a fleet of narrow body Airbuses. Its main operational base was Soekarno-Hatta International Airport in Jakarta. The airline had positioned itself as a provider of safe and reliable service combined with a competitive pricing scheme.

Due to debt problems, Mandala Airlines temporarily stopped flying all of their fleet on January 13, 2011. The company was reported to have asked the commercial court to delay debt recovery action against the airline. The official application for postponement of debt payments to the Commercial Court has been filed for Rp.800 billion to about 271 creditors. At end of February 2011, the creditors had finally accepted the airline's debt settlement proposal to convert debt to equity. It was approved by 70.58 percent of total creditors from the total debt of Rp.2.4 trillion. After struggle with the funds, on September 24, 2011 the acquisition transaction was finally closed. Mandala would be back in the air 90 days after it, but certainly should got a new Air Operator Certificate first during it.


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