ATR - Avions de Transport Régional (EVX, Toulouse Blagnac) and Indonesia's Lion Group have signed a firm order agreement for forty additional ATR 72-600s, valued at USD1billion at list prices. The aircraft, set for delivery between 2017 and 2019, add to the other sixty the Group already had on order bringing its over total to 100.
There are currently three Lion Air (JT, Jakarta Soekarno-Hatta) subsidiary airlines in the Lion Group operating ATRs including Wings Air (Indonesia) (IW, Jakarta Soekarno-Hatta) with a fleet of thirty-two ATR72-500 and -600 aircraft operating in Indonesia; Malindo Air (Kuala Lumpur International) with a fleet of 11 ATR72-600s operating in Malaysia; and Thai Lion Air (SL, Bangkok Don Mueang), with one ATR72-600 in operation in Thailand.
"These additional forty ATR 72-600s will be used to meet the growing demand forecast over the next five years both within the Group’s existing operators’ networks and to develop other opportunities for ATR operations throughout Asia and developing markets worldwide," Lion Group said in a statement.
Lion Group plans to finance the acquisition of the turboprops, and the over 500 additional Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Washington National) aircraft also on order, via a 2016 IPO which, it hopes, will raise IDR10trillion (USD822million) through the disposal of a 30% stake.
"The IPO size will depend on valuation of the company. But it would be roughly IDR10 trillion,” Lion Group CEO Rusdi Kirana told the Jakarta Globe at the ATR deal signing in Rome on Wednesday. “We believe it would be one of the biggest IPOs in Indonesia.”
