PT Mandala Airlines today announced that Warwick Brady has been named the airline’s new Managing Director and Chief Executive Officer. Brady brings to Mandala a wealth of world class airline experience, including airline management in emerging aviation markets. Brady will join Mandala on July 1, 2007.

“Warwick’s experience in developing a new generation airline in the competitive Indian and Western European markets, his focus on operations and safety, and his ability to drive airline strategy make him an ideal choice to lead Mandala Airlines,” said Diono Nurjadin, Mandala’s Chairman. “The addition of Warwick to our team will provide Mandala with an accomplished and battle-tested leader as we modernize operations and expand our reach in the Indonesian travel market.”

For the past two years Brady, 42, has served as Chief Operating Officer of Air Deccan, India’s second largest airline. Before joining Deccan, Brady held several senior management positions at Ryanair, Europe’s most successful low fares carrier. Prior to that, he was a commercial jet pilot with Britannia Airways. Of his new opportunity at Mandala, Brady said, “Indonesia, the third fastest growing aviation market after India and China, offers tremendous opportunity for a modern, well managed, new generation, low fares airline. I look forward to working with the management team to make Mandala Indonesia’s leading airline offering safe and affordable travel for millions of travelers.”

Brady earned an MBA and a Diploma in Business Management from Henley Management College. He also holds an Airline Transport Pilots License.

In 2006, Mandala was acquired by Cardig International and Indigo Partners. The owners have undertaken an aggressive growth plan designed to modernize the airline’s fleet and improve all aspects of operations including safety compliance, flight operations, and engineering and management systems. Mandala has committed to a program for replacing the airline’s existing fleet with Airbus A320 family aircraft and recently entered into a long term maintenance agreement for the Airbus fleet with Singapore Airlines Engineering Company (SIAEC).

Information regarding PT Mandala Airlines

Mandala Airlines was established in 1969 and is one of the pioneers in Indonesia’s commercial aviation business. With a current fleet of nine aircraft, Mandala Airlines currently serves 18 destinations. Mandala is committed to providing safe, reliable travel offering low fares and superior customer service.

About Cardig International

Cardig International is based in Indonesia and is a business group that focuses in the commercial aviation industry. Cardig is involved in aviation-related services, logistics, catering, and food distribution. Cardig’s track record also includes the trust bestowed upon them by UPS for international courier services, Panasonic for trucking and logistics, SIA Engineering Company for aircraft maintenance and Singapore Airport Terminal Services (SATS) for airport services.

About Indigo Partners LLC

Indigo Partners is a private equity firm that specializes in acquisitions and strategic investment in the aviation and aerospace industries. Indigo has shareholdings in a number of international airline companies in Europe, Asia and United States. Indigo is based in Phoenix, Arizona, USA with offices in Singapore which manage its businesses in the Asia-Pacific region.

Contact:

For Indigo Partners
Caroline Luz, 203-656-2829

Source: Indigo Partners

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