The new Indonesian owner of defunct local carrier Mandala Airlines says he hopes to have the carrier flying again within three months, but makes clear he wants to cash out at some point. Sandiago Uno, co-founder of Indonesian venture capital company Saratoga Group, tells the Jakarta Globe newspaper that he plans to have an initial public offering (IPO) of Mandala Airlines within 12-24 months. “We are trying to create value, and one of the ways to create value is that somewhere on the ...
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