17-Jan-2011 9:31 AM

Garuda considers routes left by Mandala suspension

Garuda Indonesia is interested in operating some of the routes abandoned by Mandala Airlines, with marketing vice president Don Jusuf Palito stating: “If we are asked whether we are interested in taking over the routes left by Mandala, the answer would be yes” (Antara, 15-Jan-2011). Mr Palito said Garuda still had to study the move with regard to matching needs and capacity, and some of the routes are already served by Garuda. "Well, certainly we will not immediately take all of them. Frankly speaking, we are also still short of planes," he said.

Indonesian Court documents reveal that Mandala owes approximately USD88.8 million to 271 Indonesian and foreign creditors (The Jakarta Globe, 14-Jan-2011). Mandala filed for temporary debt suspension in the court on 13-Jan-2011, which would allow the carrier 45 days to restructure its debt. The first hearing is scheduled for 17-Jan-2011. [more - PATA]

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