Lion Air aims for up to US$1bil listing early next year

Signs of stability: The budget carrier is hoping to fund future aircraft deliveries to service an improving market. —AP

HONG KONG: Lion Air is targeting a flotation of up to US$1bil in the first quarter of 2020, according to sources, 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 initial public offering (IPO), is hoping to fund future aircraft deliveries to service an improving market.