JAKARTA, March 21 (Xinhua) -- PT Lion Air, Indonesia's largest private carrier, is planning an initial public offering (IPO), six months after the crash of its Boeing 737 Max 8 plane that killed all 189 people on board, the Indonesian bourse said on Thursday.
The airline seeks to raise 1 billion U.S. dollars from the listing at the Indonesian bourse which will be launched this year, Gede Nyoman Yetna, director for assessment of company of the Indonesian bourse, said.
"Lion Air has cooperated with some investment advisers on a plan of shares sale which is expected to come this year," he said.
Lion Air's management will hold a preliminary meeting with investors this week to elaborate on the sale, and the timing for listing will depend on the response of the investors, according to a report.
"The bourse will welcome if the firm (Lion Air) materializes the plan," the director said.
Nine of Lion Air Boeing 737 Max 8 jet planes are among those prohibited from flying after the Indonesian Transport Ministry grounded all Boeing 737 Max aircraft in the country following the crash of an Ethiopian Airlines plane that killed 157 people on March 10.
Lion Air was seeking to switch its order of Boeing 737 Max aircraft with other types of plane after the crash in Ethiopia.
