October 01, 2014 6:32 PM ET

Airlines

Company Overview of Citilink Airline

Company Overview

Citilink Airline provides air transportation services in Indonesia. It serves the low cost carrier market. The company was founded in 2001 and is based in Jakarta, Indonesia with an additional hub in Surabaya, Indonesia. Citilink Airline operates as a subsidiary of PT Garuda Indonesia (Persero) Tbk.

SBU Citilink

Management Building 3d Floor

Soekamo-Hatta Int Airport

Jakarta,  19120

Indonesia

Founded in 2001

Phone:

62 21 659 9049

Fax:

62 21 659 9049

Key Executives for Citilink Airline

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Citilink Airline Key Developments

Citilink Halts Discussions To Acquire Tigerair Mandala

Citilink Airline has halted discussions to acquire PT Tigerair Mandala, Reuters reported, citing two sources familiar with the talks. Tiger Airways Holdings Ltd. (SGX:J7X) is looking to sell its 35.8% stake in Mandala to cut its overseas exposure. “Citilink has had a look at Mandala over the last few weeks and decided that a deal would not make any sense,” said one of the sources. “Acquiring Mandala will not improve Citilink’s network or give it an advantage against Lion, the market leader.” We continue to explore possibilities with regard to our investment in Tigerair Mandala, and will make the appropriate announcement in the event that there are significant developments,” Tiger Airways said in a statement to Reuters on Thursday, without commenting on the negotiations with Citilink.

AirAsia, Citilink Reportedly Possible Buyers For Tigerair Mandala

Tiger Airways Holdings Limited (SGX:J7X) and PT Saratoga Investama Sedaya Tbk (JKSE:SRTG) may sell their entire stake in Tigerair Mandala to AirAsia Berhad (KLSE:AIRASIA), a source said on June 4, 2014. The source added that Saratoga was also souring on the aviation business. “Neither of them [stakeholders] wants to own Tigerair Mandala after July 1, 2014” the source said, identifying three potential buyers: AirAsia; Citilink Airline, the budget carrier of state-owned Garuda Indonesia; and a non-airline investor. AirAsia and Citilink Airline are the strongest candidates, but the former appears to be in the best position to win, the source said.

Citilink Plans To Buy PT Tigerair Mandala

Citilink Airline announced its plans to acquire PT Tigerair Mandala. Citilink Airline has not revealed the financial details of the acquisition.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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