JAKARTA - Aviation expert and Indonesian Ombudsman member Alvin Lie has praised the Lion Air Group’s plan to debut on the Indonesia Stock Exchange (IDX) as “appropriate” considering the great potential of the Indonesian aviation industry.
According to Mr Lie, for the last 10 years the Indonesian aviation industry has always recorded double-digit growth. He also predicts that the industry’s climate this year will improve after a slight halt in the first six months.
“With our growing population, the demand for mobility keeps increasing as is the development of e-commerce, and thus the demand for air transport is still promising,” said Mr Lie as quoted by Bisnis.com, Thursday (10/10).
An IPO, Mr Lie quipped, is one strategy to strengthen capital. In addition, he also said that Lion Air has had thorough consideration prior to making the decision.
“Lion must have had considered it thoroughly for a long time. I believe they also have reliable consultants,” concluded Mr Lie.
Currently there are three airlines listed on the IDX, namely PT Garuda Indonesia (Persero) Tbk (GIAA), PT AirAsia Indonesia Tbk (CMPP), and PT Indonesia Transport & Infrastructure Tbk (IATA). (MS)