Lion Air will not pur­sue IPO in 2017

The Sun (Malaysia) - - SUNBIZ -

JAKARTA: In­done­sian bud­get car­rier Lion Air does not plan to pur­sue an ini­tial pub­lic of­fer­ing (IPO) next year as it still has enough funds, its founder Rusdi Ki­rana said yes­ter­day. “We still have money,” Ki­rana told re­porters on the side­lines of an event. He did not give fur­ther de­tails.

Ki­rana had said in Jan­uary that Lion Air could go pub­lic as early as 2017 if In­done­sia’s econ­omy im­proves and any list­ing would help to in­crease the air­line’s trans­parency. Lion Air had floated the IPO plan in 2014, but it has been shelved re­peat­edly. – Reuters

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