Mar 21, 2019 - Economy

Lion Air is prepping an IPO after a deadly crash

Lion Air

Photo: Anusak Laowilas/NurPhoto via Getty Images

Lion Air of Indonesia reportedly is prepping a domestic IPO that could raise upwards of $1 billion.

Why it matters: The news comes less than five months after a Lion Air flight crashed, killing all 189 people aboard and sparking the investigation into Boeing's 737 MAX aircraft line.

The bottom line: "Lion Air, the leader in one of the world’s fastest growing markets, has long toyed with a flotation, only to conclude it could fund some of the industry’s biggest multi-billion dollar plane orders placed with Boeing and Airbus from its own operations and bank financing." — Cindy Silviana & Anshuman Daga, Reuters

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