Asia/Pacific

LION AIR TO RAISE $1 BILLION IN IPO

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LION AIR TO RAISE $1 BILLION IN IPO

Indonesian airline Lion Air is aiming to raise more than $1 billion in an initial public offering (IPO) in 2012. Rusdi Kirana, chief executive told Reuters, that the airline plans to use the “IPO money as additional capital for our company as we have a huge expansion plan, but it doesn't mean w...

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