Lion Air plans IPO
Indonesia’s Lion Air is planning an initial public offering (IPO) in late 2012 or early 2013, in an effort to raise up to US$1 billion. Local media reported that the carrier would issue offer up to 30% of the company’s shares, with the funds being used as a reserve. Its continued fleet and route expansion plans will continue to be funded by company’s internal cash reserves and bank loans, Lion Air’s Managing Director, Rusdi Kirana, was reported saying yesterday.
“We’re flexible with the time frame