Indonesia's Lion Air is launching a pre-marketing drive next week for a potential public float, three sources familiar with its plans said.
The airline is seeking to win over investors more than a year after the fatal crash of one of its Boeing 737 MAX jets.
The carrier, one of Asia's largest budget carriers with 112 planes, will begin investor presentations next week in Jakarta, followed by Singapore, Hong Kong and cities in Europe and the US, the sources said.
No new target for the capital-raising has yet been set, but people familiar with the company's plans have previously suggested a range of between between $750m and $1 billion.
Roadshows are a means for a company's bankers to gauge investor appetite and detect any potentially thorny issues before the company commits to launching a deal.
A termsheet reviewed by Reuters said that the proceeds of any deal would go towards longer-term leases as well as towards its general operations.
Lion Air has one of the industry's biggest outstanding orders with both Boeing and Airbus.
The airline's float plans come as the Indonesian market is stabilising after years of overcapacity.
The possible IPO also comes more than a year after the October 2018 fatal crash of a Lion Air Boeing 737 MAX that killed all 189 people on board.
The accident, followed within five months by another at Ethiopian Airlines, led to the global grounding of all Boeing 737 Max planes and triggered a crisis for the US planemaker.
Last October an Indonesian accident report into the disaster focused on flaws in Boeing cockpit software, while also recommending better training at Lion Air and improved U.S. and local regulation. (Full Story)
