Indonesia’s Lion Air plans 2016 listing

Indonesian air carrier Lion Group is planning an initial public offering (IPO) in 2016 and will use the proceeds to build an airport hub, vital for its future, its chief executive said, according to a report.

“We are already talking to the banks about an IPO and will use the money to build this hub. Now we are using our own money but hopefully by first quarter 2016, the company will do an IPO and will use the money partly for airport expansion,” said its chief executives Rusdi Kirana, in this report filed by the international wire agency Reuters.

The Jakarta-based carrier that launched operations in 2000, and is among the fastest growing airlines globally, placed orders for 234 new Airbus A320 fleet, last year.  It has taken delivery of the first three aircraft (Airbus A320 single-aisle jets) this week.

The Lion Group operates three carriers – low cost Lion Air, full-service Batik Air and Indonesian domestic regional carrier Wings Air. It also has a minority 49% interest in Malindo Air. The group flies to more than 70 destinations in South East Asia.

The group plans to develop a new airport, at Lebak in South Jakarta, that can handle up to 50 million passengers, annually. The facility is slated to have four runways, including one that can accommodate the A380 superjumbo. The new airport is also expected to boost traffic, to and from West Asia.

The report further quoted Kirana as stating that within two years Lion Air is planning to have more aircraft than its current largest competitor  – Air Asia (which, too, has ordered hundreds of new aircraft).

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.