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You are currently in > Just a blog about Indonesia > Lion Air to go public next year


Lion Air to go public next year JAKARTA - On the eve of what promises to be a lackluster launch to an initial public offering (IPO) by national carrier Garuda Indonesia, Indonesia's largest airline, as measured by passenger volume, Lion Air has declared its aim to raise more than US$1 billion via its own IPO targeted for 2012. The move was announced by Rusdi Kirana, CEO of Lion Air

A relative new comer to Indonesian aviation, Lion Air is targeting to carry 20 million passengers in 2011, an increase from 17 million uplifted in 2010. The carrier is currently using a loan of US$1 billion to purchase 22 new planes in 2011, including 16 Boeing 737-900s. The carrier made headlines when they ordered a record 178 new aircraft from Boeing.

Related blog entries (category 'Economy') Related blog entries (category 'Economy'):
04 February 2011 · IMF admits errors in Indonesian bailout package
03 February 2011 · Indonesia exports over 2010 reached new record
26 January 2011 · India and Indonesia ink business deals worth $15.1 billion
25 January 2011 · Mitsubishi to invest $2.8 billion in Indonesian LNG plant
24 January 2011 · Tanjung Priok in Jakarta seaport overloaded
24 January 2011 · India to invest $12 billion in Indonesia

Related blog entries (category 'Economy') Tags: Lion Air, IPO, 2012


Posted in Economy @ 06 February 2011 04:14 CET by Jeroen · 'Blog' RSS feed · permalink

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