Singapore's low-cost carrier, Tiger Airways Holdings, will start its Indonesian joint venture PT Mandala Airlines in April and gradually boost its fleet size to 10 new Airbus A320 jets over the year, chief executive Chin Yau Seng told Reuters on Monday, reported Reuters.
The move will enable Tiger, 33% owned by Singapore Airlines, to tap one of the world's fastest-growing air transport markets. Mandala will have the same fleet size as Tiger's operation in Australia by March 2013.
Tiger completed its acquisition of a 33% stake in the troubled Indonesian carrier in January and leased two Airbus A320 planes to Mandala. Last week, the airline successfully reactivated its license and said it will resume flights in April.
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