Indonesia’s Mandala Airlines is planning to buy 18 Airbus A320 aircraft, according to several Jakarta media reports quoting major shareholder PT Saratoga Investama Sedaya. The firm’s CEO Sandiaga Uno was quoted by Reuters as saying the aircraft order is part of the carrier’s effort to capture the growing middle class travel in Southeast Asia. The order, valued at $1.6 billion at list prices, would be delivered by the end of 2014, he said.
Mandala Airlines, which was grounded in early 2011 due to its large debt, was cleared by Indonesian authorities to fly again after it completed a restructuring process, which included a cash injection by Tiger Airways Holdings. It relaunched international service in April 2012.