18-Jan-2011 9:56 AM

Mandala Airlines granted request to suspend payment obligation

Mandala Airlines announced a South Jakarta Commercial Court granted its request of suspension of payment obligation, allowing it to go ahead with its plan to restructure (Bloomberg, 17-Jan-2011). Mandala has 45 days protection from creditors while it forms a plan. The carrier filed for the suspension on 13-Jan-2011.

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