Indonesia's Lion Air to launch long-delayed IPO

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According to a new report in Freightwaves, the long-awaited saga of Indonesian airline Lion Air’s public listing on the country’s stock exchange could take place by the end of this year. The company is reportedly looking to raise around $1bn in equity which will be funnelled into a fleet expansion programme, and could have an impact on Indonesia’s air cargo capacity – Lion Air cargo subsidiary Lion Parcel sells space in Lion Air bellies and around 50% of its traffic is e-commerce – and e-commerce business in the country has been forecast to rise by 100-150% this year alone.