Lion Air could revive IPO in 2017 if Indonesian economy picks up

Jakarta

AIRLINE group Lion Air could go public as early as next year if Indonesia's economy recovers, its founder and owner said, adding that any listing was intended to improve transparency before he plans to hand over management control in five years.

Last year, weak market conditions forced the group, which operates budget flights throughout South-east Asia, to delay plans for a listing which would have taken place in the first quarter of 2016.