Indonesian low-cost carrier (LCC) Tigerair Mandala has given its customers two weeks’ notice to shut down operations, despite negotiations with AirAsia for a last minute rescue deal. The LCC saw a drop in passenger numbers of 31.5% in May and cut its Indonesian fleet to just four aircraft to stem losses. Due to diminishing prospects and no buyers, shareholders Tiger Airways Holdings, Saratoga Group and PT Cardig International have closed down the entire operation.
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