Singapore budget airline Tiger Airways has bought a 33 percent stake in grounded Indonesian carrier Mandala Airlines, the companies announced on Monday.
Citing a global decline in demand for its chartered cargo and passenger transport services, NYC Aviation has learned Georgia-based Global Aviation Holdings tonight filed for Chapter 7 bankruptcy protection.
Following better-than-expected success on its Caribbean and Florida routes in 2010, British Airways will increase service to many of these destinations for the summer of 2011.