Sell or shut: TigerAir to decide fate of Indonesian arm

Tiger lost $40m in Mandala JV, says Reuters.

According to a report by Reuters, Singapore's Tiger Airways Ltd (TAHL.SI) aims to sell or close its Indonesian joint venture unless there are signs of it turning around this year, people familiar with the matter said.

PT Mandala Airlines resumed flights in 2012 after financial restructuring under which Tiger bought a one-third stake, raised to 35.8 percent in September. Even so, Tiger lost nearly S$40 million ($31.6 million) in the venture in April-December.

Read full report here.

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