Mandala Airlines

Tigerair Mandala was a low-cost carrier headquartered in Jakarta, Indonesia. It was founded in 1969 as a full service airline by members of the Indonesian military. In 2006, as part of the ongoing reforms, the military was forced to sell Mandala Airlines, with the new owners converting it to a low-cost carrier. In January 2011, facing bankruptcy, Mandala Airlines filed for protection from its creditors, and ceased operations. In May 2011, Singapore based Tiger Airways Holdings made an offer to purchase Mandala, but the transaction did not close until September 2011. The airline did not return to service until April 2012, renamed Tigerair Mandala, following an injection of fresh capital by Indonesian conglomerate Saratoga Investment Corp.

Summary from Wikipedia, licensed under CC BY-SA.