12 Feb '12, 3pm

Indonesia's Lion Air postpones plans for IPO - Straits Times

SINGAPORE (REUTERS) - Low-cost carrier Lion Air has postponed plans for a 2012 share flotation worth more than US$1 billion (S$1.3 billion), its chief executive officer (CEO) and co-founder said, bowing to a stock market reversal that soured last week's debut of Indonesian flag carrier Garuda. Lion Air, Indonesia's biggest carrier by passenger volume, has ambitious plans for expansion as the archipelago nation expands its poorly served air corridors, and has placed a record provisional order for more than 200 Boeing jets. 'We can't do it this year because the situation with the financial crisis is not so good,' CEO Rusdi Kirana said in an interview on the eve of the Singapore Airshow. He said Lion Air had a market share of 51 per cent in the world's fourth most populous nation and that he and his co-founder brother aimed to go public when this figure reached 60 per cent, s...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

Boeing, Indonesia's Lion Air sign record $22 billion deal

Boeing, Indonesia's Lion Air sign record $22 bi...

channelnewsasia.com 14 Feb '12, 9am

SINGAPORE, Feb 14, 2012 (AFP) - Boeing and Indonesian carrier Lion Air formally signed Tuesday a $22.4 billion deal for 23...

Indonesia's car market takes the fast lane

Indonesia's car market takes the fast lane

channelnewsasia.com 12 Feb '12, 10am

JAKARTA: Automakers from Japan to India are eyeing a bonanza in Indonesia, Southeast Asia's largest economy where a newly ...

Health Ministry going ahead with plans for dayc...

straitstimes.com 11 Feb '12, 4am

The Health Ministry is going ahead with plans for a daycare centre for the elderly in the void decks of two Woodlands bloc...