Lion Air Aims to Hold IPO, Fleet Expansion as Main Agenda This Year

By Editorial Team 15/01/2024
low cost airlines
Summary

Lion Mentari Airlines, a subsidiary of PT Langit Esa Oktagon (LEO) and a prominent private airline in Indonesia, is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange. According to Bloomberg's report on Jan 12, Lion Air aims to secure funds of up to US$500 million from the capital market. The airline is collaborating with consultants to finalize the IPO plan, slated for 2024.

As part of the Lion Air Group, PT Lion Mentari Airlines is navigating discussions regarding the IPO, with ongoing deliberations on key details such as valuation and timing. Although specific aspects like the IPO's value and schedule remain subject to potential adjustments, representatives from Lion Air declined to comment on the IPO plan or its particulars, as disclosed by Bloomberg's sources.

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