Mandala Names Brady Managing Director and CEO

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.