In addition to Citilink, Indonesia AirAsia Also Clear Buy Tigerair Mandala

After subsidiary of Garuda Indonesia, Citilink Indonesia, ending the conversation related to the acquisition of Tigerair Mandala because the business is not profitable enough, now declared void giliaran AirAsia to buy Tigerair Mandala. This was expressed directly by the Chief Executive Officer of AirAsia Group Tony Fernandes told Reuters.The company, based in Singapore, Tiger Airways Holdings Limited, it will sell a 35.8 percent stake in Mandala and focus Tigerair care of the parent airline, Tigerair, so again profitable."We would like to confirm that we do an evaluation to buy Mandala. And after a long search, we have decided not to proceed with this transaction. Indonesia AirAsia is currently working well and the third and fourth quarter we also looks good. Indonesia is still a major growth story for us. Organic growth continues to run, "said Fernandes.In addition, Tony Fernandes revealed that the parent company, AirAsia Berhad, also invested U.S. $ 300 million per year in Indonesia in developing Indonesia AirAsia to gain market share in the country with the largest economy in Southeast Asia.Now, Tigerair Mandala along with Tiger Airways Holdings Limited back to rack my brain to save the airline after two prospective strategic investors, Indonesia AirAsia and Citilink, canceling the planned acquisition.