Go Back  PPRuNe Forums > PPRuNe Worldwide > South Asia and the Far East
Reload this Page >

Mandala Airlines to Halt Operations on July 1

South Asia and the Far East News and views on the fast growing and changing aviation scene on the planet.

Mandala Airlines to Halt Operations on July 1

Old 18th Jun 2014, 18:15
  #1 (permalink)  
Thread Starter
 
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,127
Mandala Airlines to Halt Operations on July 1

Mandala Airlines to Halt Operations on July 1, Citing Rising Costs...

Mandala Airlines announced on Wednesday that it would stop operating from July 1 due to the increase in operating costs and the weakening rupiah.

Management decided to take a difficult decision to halt the airlines’ operation because of market conditions and the increasing operational cost due to the rupiah’s depreciation, said Jusman Syafii Djamal, head of Mandala’s board of directors.

“We have tried to find the solution to stay operating including conducting discussions with potential partners and investors,” Jusman said in a written statement released on Wednesday.

Jusman said the airline has been dealing with many problems including handling capacity, which has far exceeded the limited number of passengers and the fact that the rupiah has weakened by 20 percent against the dollar since the beginning of 2013. Expenses in dollar include jet fuel purchases.

Jusman said that after resuming operation in April 2012 Mandala kept losing money. He said the overwhelming challenges in the aviation industry has failed to convince shareholders to continue supporting the airline.

He said the shareholders believed the airline did not have the sufficient resources to keep operating.

“The airlines has officially released the information about the end of the operation on July 1st, 2014 to the directorate general of transportation,” he said.

Jusman said the last flight to be handled by Mandala would be from Denpasar to Hong Kong and all flights scheduled after that would be canceled.

He said Tigerair Group would help Mandala to take over the passengers who have booked the flights Mandala and to refund the ticket.

JG.. Jun 18, 2014
jetjockey696 is offline  
Old 19th Jun 2014, 04:35
  #2 (permalink)  
 
Join Date: Nov 2011
Location: Vietnam
Posts: 1,246
And Batik get a ready to go workforce handed to them on a plate for when they start A320 operations.

Lion wins again!
pilotchute is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.