Tigerair Mandala is wrapping up operations on July 1 after shareholders agreed the airline could no longer sustain its operations.
The airline is the Indonesian arm of low-cost airline group Tiger Airways Singapore, which has a 35.8% stake in Mandala.
Group CEO of Tigerair, Lee Lik Hsin, said: "Indonesia remains an important market for us, and we will continue to maintain an active presence through Tigerair Singapore."
The company stated that its decision to pull out of Mandala "will enable Tigerair Group to focus on its turnaround strategy, which includes fleet consolidation, strategic alliances and an asset-light growth model".
Mandala’s last flight will depart Hong Kong at 0235 hours on July 1.
