Tiger Airways Holdings Limited announced (30-Jan-2012) the completion of its 33.0% investment in PT Mandala Airlines through the subscription of 22.6 million new Class C shares. Tiger Airways’ investment in Mandala will be held through its wholly-owned subsidiary in Singapore, Roar Aviation Pte Ltd. The largest shareholder in the restructured Mandala will be the Saratoga Group, which will hold a 51.3% stake. The remaining 15.7% will be held by the previous shareholders and creditors of Mandala. The next stage of the process is to reactivate Mandala’s Air Operator’s Certificate (AOC), which has been frozen since the suspension of its operations in Jan-2011. The AOC is expected to be reactivated in Feb-2012, after which flight sales will commence ahead of the resumption of services in Apr-2012. Tiger Airways noted Mandala has undergone a financial restructuring process in accordance with Indonesian law. The restructured airline will adopt the Tiger Airways business model, and plans to offer low fare travel to international and domestic Indonesian destinations within a five-hour flying radius. Like other airlines in the Tiger Airways Group, the restructured airline would also operate A320 aircraft. Further information on the number of aircraft, the initial routes and destinations will be announced once all approvals have been granted by the regulators and authorities. [more - original PR] [more - original PR - II]
Tiger Airways completes 33% investment in Mandala Airlines; Mandala to resume service in Apr-2012
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The CAPA airline fleet quiz: 15 challenging questions. CAPA Summit Singapore 2/3 March
Test your knowledge of the global aircraft fleet with this CAPA Quiz. If you have access to the comprehensive CAPA Fleet Database, it should be a breeeeze.
Rank your result:
15/15 = Outstanding! – you should set up your very own aircraft leasing company.
13-14/15 = Excellent – your colleagues should say the word ‘wiki…’ in front of your first name around the office.
10-12/15 = Very good – someone should shout you several drinks at the next air finance gathering.
9 or below/15 = Time to brush up – you need to sign up for CAPA's Fleet Database immediately.
Visit http://capaevents.com/AFFS17 for the answers
Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.