Tigerair Mandala (
formerly Mandala Airlines) was a
low-cost airline headquartered in
Jakarta,
Indonesia and is an associate company of the
Singapore-based
Tigerair Group. The former full service airline repositioned itself as a budget airline/low-cost carrier (LCC) following a year-long grounding in 2011 caused by debt woes. Mandala resumed operations in April 2012 following an injection of fresh capital by Indonesian conglomerate
Saratoga Investment Corp which took over 51% of the airline, with partner Tigerair taking up 33.3
nd the rest by creditors.