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Lion Air plans IPO in 2016 to fund new airport

Group seeks to secure growth by focusing more on airport projects

MR KIRANA: Lion Group expects to outstrip AirAsia as Asia's largest budget carrier by fleet size in one or two years.


INDONESIA'S Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said.

The owner of one of the world's fastest-growing airlines, Lion Air is also close to...