Lion Air is targeting a flotation of up to $1 billion in the first quarter of 20...
HONG KONG - Lion Air is targeting a flotation of up to $1 billion in the first quarter of 2020, several sources close to the matter said, as the Indonesian airline resumes growth after a year dominated by the fatal crash of one of its Boeing 737 MAX jets.
The budget carrier, which had been awaiting an official report on last year’s crash before making key decisions including a long-delayed initial public offering, is hoping to fund future aircraft deliveries to service an improving market. “The Indonesian market is finally showing signs of stability. This is a good time to tap the market,” one individual with knowledge of the plans said.
The source said the IPO could raise between $750 million to $1 billion, but an amount had not been finalised.
France Dernières Nouvelles, France Actualités
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