Tiger Airways A320. By Rob Finlayson Singapore-based LCC company Tiger Airways Holdings announced Friday it would buy a 33% stake in Indonesia-based Mandala Airlines, which will be held through Tiger’s wholly owned subsidiary, Roar Aviation. Mandala is undergoing a financial restructuring after ceasing operations in January (ATW Daily News, Jan. 13). Indonesian investment company Saratoga Group will be the largest shareholder in the restructured Mandala, with a 51% holding; ...

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