TEMPO.CO, Jakarta - Medium-service airline Sriwijaya Air has rescheduled its initial public offering (IPO) from March to April-May this year.
Sriwijaya Air Group president director Chandra Lie said that Sriwijaya Air is committed to entering the Indonesia Stock Exchange (IDX) in a bid to expand its market.
“The [reschedule] is based on the company’s considerations, for a better IPO. One thing is for sure, we are will hold an IPO this year,” he said in Jakarta on Wednesday.
As reported before, Sriwijaya Air will purchase wide-body aircraft to open international routes serving the Asia-Pacific region. The funds for aircraft procurement will be raised through IPO.
Sriwijaya had also planned to sell its 25% stake to public. Chandra, however, has yet to confirm it.
He said that Sriwijaya Air is confident of being successful in the IDX, citing its positive financial performance in the last three year. He said that foreign airlines have shown interest to own Sriwijaya Air shares.
He went on to say that Sriwijaya Air’s plan to enter the stock market reflects its commitment to becoming a transparent, trusted company.
BISNIS.COM
