SINGAPORE, January 30, 2012 (AFP) - Singapore budget airline Tiger Airways said Monday it had bought a 33 percent stake in beleaguered Indonesian carrier PT Mandala Airlines as part of its regional expansion plans.
The investment will see Tiger Airways become the second biggest shareholder in Mandala, which has undergone financial restructuring after being grounded in January last year due to massive debts. Full story
Related:
Tiger Airways buys Indonesia carrier stake - Free Malaysia Today
Singapore's Tiger Airways buys Indonesia carrier stake - AFP
