PT Mandala Airlines, which was later known by the name Tigerair Mandala, was declared bankrupt on February 9, 2015. But to date, the process of calculating the company’s assets for repayment of debt has not yet been finalized. The main obstacle causing the lengthy bankruptcy/liquidation process is the feud between the Company’s shareholders, board of directors, and the board of commissioners. Further complicating the process, is the fact that the assigned team of curators claimed to have found no potential asset that could help with debt repayment.To subscribe please click here
