Tuesday, October 21, 2014   

Budget carrier Mandala to cease operations
(06-18 19:28)

Loss-making Indonesian budget carrier PT Mandala Airlines will cease operations from July 1, its key shareholder Singapore-based Tigerair said.
Tigerair said it and other key shareholders had ''vigorously explored various options in recent months'' to keep the airline flying but concluded that this would not be sustainable
''As a result, they have decided to cease funding the airline,'' Tigerair said in a statement.
Mandala flies mostly domestic routes as well as a few international hops, including from the Indonesian city of Medan to Singapore.
Affected customers will be offered different flights or ticket refunds.--AFP
   
Other Business breaking news:
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.