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April 26, 2015 7:41 PM ET

Airlines

Company Overview of PT Lion Mentari Airlines

Company Overview

PT Lion Mentari Airlines, also known as Lion Air, provides air carrier services in Indonesia. It operates a fleet of flights that provide passenger air transportation services to various destinations in Indonesia, Singapore, Malaysia, and Vietnam. The company also operates facility that includes training facilities, such as the Boeing 737-900ER simulator; a shop that offers wheels, brakes, cabin interiors, and avionics; a dormitory accommodation for stewardess and airport staffs; and a warehouse that stores spare parts, tires, and engines. PT Lion Mentari Airlines was founded in 1999 and is based in West Jakarta, Indonesia.

Lion Air Tower

Jl. Gajah Mada No. 7

West Jakarta,  10130

Indonesia

Founded in 1999

Phone:

62 21 6379 8000

Fax:

62 21 633 5669

Key Executives for PT Lion Mentari Airlines

Chief Executive Officer
Director of General Affairs
Chief Executive Officer of Lion Group
Compensation as of Fiscal Year 2014.

PT Lion Mentari Airlines Key Developments

Lion Air Orders 40 of 72-600 Aircraft

ATR is expected to sign an order for 40 of its 72-600 aircraft with Indonesian airline Lion Air, valued at nearly $1 billion based on catalogue prices. The contract will bring to 100 the number of ATR 72-600 propeller-driven planes ordered by Lion Air, which will become the planemaker's biggest client. Lion Air uses the propeller-driven planes for regional flights among the islands comprising Indonesia and Malaysia. They can land on shorter runways than jets.

PT Lion Mulls IPO

PT Lion Mentari Airlines is pushing forward with revived plans for a 2016 initial public offering (IPO) now designed to fund an airport vital to securing its growth, Rusdi Kirana, Chief Executive Officer of PT Lion, said. "We are talking now with banks about an IPO and will use the money to build this hub. Now we are using our own money but hopefully by the first quarter of 2016, the company will do an IPO and will use the money partly for airport expansion," said Kirana.

Lion Mentari Reportedly Eyes Qantas' Stake In Jetstar Asia

PT Lion Mentari Airlines is in discussions with Qantas Airways Limited (ASX:QAN) regarding acquiring its 49% stake in Jetstar Asia Airways Pte Ltd, a person familiar with the matter reported. The person stated that the talks to acquire out Qantas’ 49% stake in Jetstar Asia started a few months ago and is still at an early stage. The person added that the transaction would require approval by Singapore regulators. It is not known how much the potential deal would be worth. A Qantas spokesperson called the matter “speculation”. Jetstar and Lion also declined to comment.

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