Indonesia’s Sriwijaya Air mulling IPO
Sunday, 28 Sep, 2016
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Indonesian carrier Sriwijaya Air has announced plans for an initial public offering of shares early next year.
Sriwijaya owner and group chief executive Chandra Lie said it will go public in March and bankers for the IPO have been appointed.
Lie gave no details on the size of the planned share sale and how much it expects to raise.
"We are preparing. We will make sure this company is good and fit (for an IPO)," vice director of finance Lukcimo Jahja added.
Founded in 2003, the airline serves 47 domestic routes and seven international routes in Asia.
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