Lion Air is part of the Lion Air Group, which has airline joint ventures in Malaysia and Thailand, aircraft maintenance facilities and a freight business.
SINGAPORE/HONG KONG: Indonesia's Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.
A decision on the up to $500 million IPO of one of Asia's largest budget airlines was expected by the end of February after banks completed investor presentations in global financial centres earlier this month.
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