Lion Air to test investor appetite for IPO, launches pre-marketing next week
Lion Air is launching a pre-marketing drive next week for a potential public float, 3 sources familiar with its plans said, as the airline seeks to win over investors more than a year after the fatal crash of one of its Boeing 737 MAX jets. The carrier, one of Asia's largest budget carriers with 112 planes, will begin investor presentations next week in Jakarta, followed by Singapore, Hong Kong and cities in Europe and the US, said the sources. No new target for the capital-raising has yet been set, but people familiar with the company's plans have previously suggested a range of between US$750m and $1b. A termsheet said that the proceeds of any deal would go towards longer-term leases more akin to owning planes, as well as towards its general operations. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-27/unaligned/lion-air-to-test-investor-appetite-for-ipo-launches-pre-marketing-next-week
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Lion Air to test investor appetite for IPO, launches pre-marketing next week
Lion Air is launching a pre-marketing drive next week for a potential public float, 3 sources familiar with its plans said, as the airline seeks to win over investors more than a year after the fatal crash of one of its Boeing 737 MAX jets. The carrier, one of Asia's largest budget carriers with 112 planes, will begin investor presentations next week in Jakarta, followed by Singapore, Hong Kong and cities in Europe and the US, said the sources. No new target for the capital-raising has yet been set, but people familiar with the company's plans have previously suggested a range of between US$750m and $1b. A termsheet said that the proceeds of any deal would go towards longer-term leases more akin to owning planes, as well as towards its general operations. <br/>
