Lion Air aims for up to $1b listing in early 2020: sources

Lion Air is targeting a flotation of up to $1b in Q1 2020, several sources close to the matter said, as the Indonesian airline resumes growth after a year dominated by the fatal crash of one of its Boeing 737 MAX jets. The budget carrier, which had been awaiting an official report on last year’s crash before making key decisions including a long-delayed IPO, is hoping to fund future aircraft deliveries to service an improving market. Last month’s Indonesian accident report focused on flaws in Boeing cockpit software, while recommending better training at Lion Air and improved US and local regulation. “The Indonesian market is finally showing signs of stability. This is a good time to tap the market,” one individual with knowledge of the plans said. The sources all declined to be named as they are not authorized to speak to the media about the IPO, which would involve Lion Air’s core Indonesian airline and could rank as one of the biggest floats in Indonesia.<br/>