The parent firm of Lion Air (JT, Jakarta Soekarno-Hatta), the Lion Group, will likely delay its planned Initial Public Offering (IPO), slated for the first quarter of next year, owing to weak market conditions Lion Group's CEO Rusdi Kirana told Reuters last week. He did not disclose any possible new dates.

Indonesia's economy is currently facing it weakest growth period in six years with the Rupiah continuing its slide against the US Dollar.

Previous reports indicate the Indonesian LCC had planned to raise IDR10 trillion (USD822 million) through the disposal of a 30% stake. Funds would be used to help finance orders for forty ATR 72-600s, placed with ATR - Avions de Transport Régional (EVX, Toulouse Blagnac) in November last year, and over 500 additional Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Washington National) aircraft.

Aside from Lion Air, Lion Group also includes Batik Air (ID, Jakarta Soekarno-Hatta), Malindo Air (Kuala Lumpur International), Thai Lion Air (SL, Bangkok Don Mueang), and Wings Air (Indonesia) (IW, Jakarta Soekarno-Hatta).