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Tiger Airways plans to buy 33% of Mandala Airlines
krisluke Supreme	24-May-2011 10:57 krisluke About Contact Quote this Post!
x 0 x 0 Alert Admin	Tiger Airways: Citi downgrade to Sell and reduces TP to $1.30 from $1.85. Expect growth turbulence to intensify as regional expansion plans may face increasing turbulence due to 1) its foray into Indonesia may be fraught with risks and may not yield attractive returns 2) suspension of sales of Philippine domestic flights and lack of progress on Thai Tiger JV suggest regulatory risk is higher than expected …. 3) simultaneously venturing into the Philippines, Indonesia and Thailand while attempting to reverse its losses in Australia raises execution risks. Over-ambitious expansion may also jeopardize execution, and expect Tiger’s earnings growth to slow.
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fangye100 Member	19-May-2011 19:39 fangye100 About Contact Quote this Post!
x 0 x 0 Alert Admin	Tiger Airways plans to buy 33% of Mandala Airlines By ANGELA TAN Tiger Airways Holdings Limited announced on Thursday the signing of a term sheet for the acquisition of a 33 per cent stake in PT Mandala Airlines of Indonesia. The purchase is subject to due diligence and conclusion of definitive contracts. Mandala is currently undergoing a financial restructuring process in accordance with Indonesian laws. The restructured airline plans to adopt the Tiger Airways business model, and plans to offer low fare travel to international and domestic destinations within a 5-hour flying radius from Indonesia. Like other airlines in the Tiger Airways Group, the restructured airline would also operate Airbus A320 aircraft. Flight and cabin crew will be based in Indonesia. The largest shareholder in the restructured Mandala will be the Saratoga group, which will hold a 51% stake. The remaining 16% will be held by the previous shareholders and creditors of Mandala.
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