Lion Air could revive IPO in 2017

30 Jan 2016 00:07:26

JAKARTA, Jan 25 Airline group Lion Air could go public as early as next year if Indonesia's economy recovers, its founder and owner told Reuters, saying any listing was intended to improve transparency before he plans to hand over management control in five years.

Last year, weak market conditions forced the group, which operates budget flights throughout Southeast Asia, to delay plans for a listing which would have taken place in the first quarter of 2016.

Southeast Asia's biggest economy likely grew at its weakest pace since the global financial crisis in 2015, hit by faltering consumption, rising unemployment and weak commodity prices.

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